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BLACKHAWK HOTEL ASSOCIATES v. KAUFMAN

No. 53161.

85 Ill.2d 59 (1981)

421 N.E.2d 166

BLACKHAWK HOTEL ASSOCIATES, Appellant, v. GERALD S. KAUFMAN, Appellee.

Supreme Court of Illinois.

Rehearing denied June 4, 1981.

Attorney(s) appearing for the Case

Bishop & Crawford, Ltd., of Oak Brook (Leslie R. Bishop, John N. Dore, and Carl A. Neumann, of counsel), for appellant.

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

Reversed and remanded.

MR. JUSTICE CLARK delivered the opinion of the court:

This is an action on a guaranty contract. Plaintiff, Blackhawk Hotel Associates, owned the Blackhawk Hotel, located in Davenport, Iowa. Defendant, Gerald S. Kaufman, guaranteed a portion of the hotel lessee's rental payments. The hotel was subject to a mortgage held by the Davenport Bank and Trust Company (bank). The lessee defaulted on its rental payments. The plaintiff thereafter...

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