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LATHOM TOOL & MACH. v. MUT. LEASING ASSOC.

No. 81-604.

105 Ill. App.3d 1043 (1982)

435 N.E.2d 510

W.R. LATHOM TOOL & MACHINE COMPANY, INC., Plaintiff-Appellee, v. MUTUAL LEASING ASSOCIATES, INC., et al., Defendants. — (NORTHBROOK LEASING, Intervening Petitioner-Appellant.)

Appellate Court of Illinois — Second District.

Opinion filed May 4, 1982.

Attorney(s) appearing for the Case

Richard R. Haldeman and Russell D. Anderson, both of Williams, McCarthy, Kinley, Rudy and Picha, of Rockford, for appellant.

Peter S. Switzer, of Barrick, Jackson, Switzer, Long and Balsley, of Rockford, for appellee.

Judgment reversed.

JUSTICE HOPF delivered the opinion of the court:

This case concerns the meaning of purchase options on two machine lathes leased by plaintiff Lathom Tool & Machine Company, Inc. (Lathom), from defendant Mutual Leasing Associates, Inc. (Mutual), predecessor to intervening petitioner Northbrook Leasing Company (Northbrook). The trial court found that the terms of the options entitled Lathom...

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