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MADISON PARK BK. v. FIELD

No. 78-156.

64 Ill. App.3d 838 (1978)

381 N.E.2d 1030

MADISON PARK BANK, Plaintiff and Counterdefendant-Appellant and Cross-Appellee, v. MICHAEL L. FIELD et al., Defendants. — (THOMAS D. PHILIPSBORN et al., Counterplaintiffs-Appellees and Cross-Appellants.)

Appellate Court of Illinois — Third District.

Opinion filed October 18, 1978.

Attorney(s) appearing for the Case

Sidney D. Davidson and Baymiller, Christison & Radley, both of Peoria, for appellant.

Julian E. Cannell and David J. Dubicki, both of Kavanagh, Scully, Sudow, White & Frederick, of Peoria, for appellees.

Affirmed in part, reversed in part and remanded.

Mr. JUSTICE SCOTT delivered the opinion of the court:

On April 11, 1972, Michael L. Field and Richard M. Shure opened a checking account in the Madison Park Bank in the name of Fieldmoor Associates, a partnership. Fieldmoor Associates was owned by seven partners and on the day the checking account was opened written instructions were given to the bank that one signature only was required on checks up to $500...

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