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QUINSIPPI CORP. v. BENING

No. 17283.

105 Ill. App.3d 241 (1982)

433 N.E.2d 1368

QUINSIPPI CORPORATION, Plaintiff-Appellee, v. LEONARD O. BENING, Defendant-Appellant.

Appellate Court of Illinois — Fourth District.

Opinion filed March 31, 1982.

Attorney(s) appearing for the Case

Noel Stallings, of Robert P. Schulhof & Associates, of Carbondale, for appellant.

Steven E. Siebers, of Loos & Schnack, of Quincy, for appellee.

Reversed and remanded.

JUSTICE LONDRIGAN delivered the opinion of the court:

Bening, the debtor, appeals the trial court's order awarding Quinsippi, the creditor, $4,500 in attorney fees for confessing a judgment. The parties executed a security agreement March 13, 1980, for $73,250 plus 15% interest annually; the collateral comprised shares of stock in a nursing home and an interest in a land trust. Bening was to pay the principal and interest in two installments...

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