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CROCKER COMMERCIAL SERVICES v. COUNTRYSIDE BANK

No. 81 C 1257.

538 F.Supp. 1360 (1981)

CROCKER COMMERCIAL SERVICES, INC., Plaintiff, v. COUNTRYSIDE BANK, Defendant.

United States District Court, N. D. Illinois, E. D.

December 30, 1981.

Attorney(s) appearing for the Case

Alan E. Richards, Richards & Ralph, Chtd., Lincolnshire, Ill., for plaintiff.

Michael L. Weissman, Leon Zelechowski, Boorstein & Weissman, Chicago, Ill., for defendant.

MEMORANDUM OPINION AND ORDER

SHADUR, District Judge.

Crocker Commercial Services, Inc. ("Crocker") sues Countryside Bank ("Bank") for having dishonored Bank's $20,000 irrevocable letter of credit (the "Letter of Credit") in Crocker's favor as beneficiary, issued for the account of Bank's customer Everyone's Effort, Inc. ("Effort"). Crocker and Bank have filed cross-motions for summary judgment. For the reasons stated in this memorandum opinion and order...

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