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NAT'L REPUBLIC BK. v. NAT'L HOMES CONSTR.

No. 77-765.

63 Ill. App.3d 920 (1978)

381 N.E.2d 15

NATIONAL REPUBLIC BANK OF CHICAGO, Plaintiff-Appellee, v. NATIONAL HOMES CONSTRUCTION CORPORATION, Defendant-Appellant.

Appellate Court of Illinois — First District (1st Division).

Rehearing denied September 11, 1978.

Attorney(s) appearing for the Case

Defrees & Fiske, of Chicago (Edward J. Griffin and Gary Schuman, of counsel), for appellant.

Paul M. Heller, of Wexler, Wexler & Heller, Ltd., of Chicago, for appellee.

Judgment reversed.

Mr. JUSTICE O'CONNOR delivered the opinion of the court:

National Republic Bank of Chicago (hereafter the Bank or plaintiff) filed a complaint against National Homes Construction Corporation (hereafter NHCC or defendant) alleging that NHCC, with intent to defraud, misrepresented material facts to induce the Bank to continue the payroll funding of one of defendant's minority subcontractors and that as a result plaintiff suffered financial...

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