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MIDDLE E. TRADING v. MERCANTILE FIN. CORP.

No. 62903.

49 Ill. App.3d 222 (1977)

364 N.E.2d 886

MIDDLE EAST TRADING & MARINE SERVICE, INC., Plaintiff-Appellee, v. MERCANTILE FINANCIAL CORPORATION, Defendant-Appellant.

Appellate Court of Illinois — First District (3rd Division).

Rehearing denied June 9, 1977.

Attorney(s) appearing for the Case

Schwartz, Cooper, Kolb & Gaynor, Chartered, of Chicago (Narcisse A. Brown, Martin W. Salzman, and Ira S. Kolb, of counsel), for appellant.

Baker & McKenzie, of Chicago (Francis D. Morrissey, Edward J. Zulkey, and Michael L. Coleman, of counsel), for appellee.

Affirmed as modified in part and vacated in part.

Mr. JUSTICE MEJDA delivered the opinion of the court:

Plaintiff, Middle East Trading & Marine Service, Inc. (Middle East), brought an action upon its option agreement for the purchase of an oceangoing vessel from defendant, Mercantile Financial Corporation (Mercantile). Count I of the amended complaint alleged breach of contract, and count II alleged unjust...

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