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H. WATSON DEV. CO. v. BANK & TR. CO.

No. 76-252.

58 Ill. App.3d 423 (1978)

374 N.E.2d 767

H. WATSON DEVELOPMENT CO., INC., et al., Plaintiffs-Appellants, v. THE BANK AND TRUST COMPANY OF ARLINGTON HEIGHTS, Defendant-Appellee. — THE BANK AND TRUST COMPANY OF ARLINGTON HEIGHTS, Plaintiff-Appellee, v. HUGH WATSON et al., Defendants-Appellants.

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

Opinion filed March 8, 1978.

Attorney(s) appearing for the Case

Levin and Berger, of Chicago (Burton Berger and Arnold Malk, of counsel), for appellants.

Querrey, Harrow, Gulanick and Kennedy, Ltd., of Chicago (Donald C. Gancer, of counsel), for appellee.

Affirmed in part and reversed in part.

Mr. PRESIDING JUSTICE JIGANTI delivered the opinion of the court:

This appeal arises from two separate lawsuits. One suit was filed by the plaintiffs, H. Watson Development Company, Inc. (Watson Development) and Bartlett Valley Iron Works, Inc. (Bartlett Valley) against the defendant, The Bank and Trust Company of Arlington Heights (the Bank), alleging that certain security...

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