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McGOUGH v. FIRST ARLINGTON NATIONAL BANK

No. 75-1267.

519 F.2d 552 (1975)

Richard J. McGOUGH, et al., Plaintiffs-Appellants, v. FIRST ARLINGTON NATIONAL BANK, a National Banking Association, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided July 22, 1975.

Attorney(s) appearing for the Case

Maurice J. McCarthy, Chicago, Ill., for plaintiffs-appellants.

William J. Holloway, Lawrence R. Moelmann, David I. Herbst, Chicago, Ill., for defendants-appellees.

Before SWYGERT and BAUER, Circuit Judges, and EAST, Senior District Judge.

EAST, Senior District Judge.

THE FACTS

On or about April 10, 1974, plaintiffs-appellants Richard J. McGough, William Ritchie and Robert Snell, individually and d/b/a Consolidated Investments Company, an Illinois General Partnership, (hereinafter referred to collectively as McGough) entered into a sales agreement with the Brite-O-Matic Corporation (Brite-O-Matic) for the purchase of a certain Brite-O-Matic car wash unit. As part of the transaction, McGough...

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