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PASTOR v. NATIONAL REPUBLIC BANK OF CHICAGO

No. 50492.

76 Ill.2d 139 (1979)

390 N.E.2d 894

LOUIS PASTOR, Appellant, v. NATIONAL REPUBLIC BANK OF CHICAGO, Appellee. (Thomas A. Harnett, Appellee).

Supreme Court of Illinois.

Opinion filed June 1, 1979.

Attorney(s) appearing for the Case

Barbara B. Hirsch, of Chicago, for appellant.

James G. McConnell and Stephen J. Friedman, of Chicago (Rooks, Pitts, Fullagar & Poust, of counsel), for appellee Thomas A. Harnett.

Affirmed and remanded.

MR. JUSTICE RYAN delivered the opinion of the court:

Plaintiff, Louis Pastor, procured the issuance of an irrevocable letter of credit by defendant, National Republic Bank of Chicago, in favor of Summit Insurance Company of New York (Summit). Pastor is affiliated with Associated Surety Agents, Inc. (Associated), which is in the business of acting as insurance agent, and in that capacity sought...

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