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PROFESSIONAL MODULAR SURFACE v. UNIROYAL

No. 82-0682.

108 Ill. App.3d 1046 (1982)

440 N.E.2d 177

PROFESSIONAL MODULAR SURFACE, INC., Plaintiff-Appellee, v. UNIROYAL, INC., Defendant-Appellant. — (AMALGAMATED TRUST & SAVINGS BANK, Defendant.)

Appellate Court of Illinois — First District (5th Division).

Rehearing denied October 8, 1982.

Attorney(s) appearing for the Case

David J. Gibbons and Mary L. Casey, both of Chicago (Chadwell, Kayser, Ruggles, McGee & Hastings, Ltd., of counsel), for appellant.

Michael J. Kralovec, of Chicago (Feiwell, Galper & Lasky, Ltd., of counsel), for appellee.

Reversed and remanded.

JUSTICE WILSON delivered the opinion of the court:

This is an interlocutory appeal from the entry of a preliminary injunction by the trial court restraining payment under letters of credit. On appeal defendant Uniroyal (Uniroyal) presents this issue for review, that the trial court erred and abused its discretion in restraining the payment of an unconditional letter of credit on the basis of an alleged breach of an underlying contract...

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