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McBRIDE v. COMMERCIAL BK. OF CHAMPAIGN

No. 17162.

101 Ill. App.3d 760 (1981)

428 N.E.2d 739

BRUCE McBRIDE, Plaintiff-Appellant, v. THE COMMERCIAL BANK OF CHAMPAIGN, Defendant-Appellee.

Appellate Court of Illinois — Fourth District.

Opinion filed November 19, 1981.

Attorney(s) appearing for the Case

Dobbins, Fraker, Tennant, Joy & Perlstein, of Champaign (D. Cameron Dobbins, of counsel), for appellant.

Bush, Harrington & Porter, of Champaign (Thomas E. Harrington, of counsel), for appellee.

Reversed and remanded.

Mr. JUSTICE MILLS delivered the opinion of the court:

A bank as escrow agent.

Can it relinquish documents in escrow solely upon the demand of one party to the agreement?

No — if it does, it is at its own peril.

In 1973, plaintiff Bruce McBride and his wife Ruth Ann contracted to buy a parcel of real estate in Grand Traverse County, Michigan, from F.R. Inskip...

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