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CHICAGO CITY BANK & TRUST CO. v. ANDERSON

No. 58685.

26 Ill. App.3d 421 (1975)

325 N.E.2d 701

CHICAGO CITY BANK AND TRUST COMPANY, Plaintiff-Appellee, v. TIMOTHY ANDERSON, Defendant-Appellant.

Appellate Court of Illinois — First District (2nd Division).

February 4, 1975.

Attorney(s) appearing for the Case

Edwards, Haney, Singer & Stein, of Chicago, for appellant.

Norman Wexler, of Wexler, Wexler & Heller, Ltd., of Chicago, (Thomas Donnelly, Jr., of counsel), for appellee.

Reversed and remanded.

Mr. JUSTICE HAYES delivered the opinion of the court:

On 23 April 1968, Timothy Anderson (hereinafter defendant) executed an installment negotiable promissory note for $3,774.00 to Mars Oldsmobile for the purchase of a 1967 Toronado. The note contained a confession-of-judgment clause. The note was subsequently negotiated to Chicago Bank and Trust Company (hereinafter plaintiff), and the monthly payments on the note were made by defendant...

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