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INSURANCE CO. OF NORTH AMERICA v. NORTON

No. 82-2969.

716 F.2d 1112 (1983)

INSURANCE COMPANY OF NORTH AMERICA, Plaintiff-Appellee, v. Irvin L. NORTON, Christine Norton and Earl L. Vuagniaux, Defendants-Appellants, and Earl L. VUAGNIAUX and Irvin L. Norton, Plaintiffs-Appellants, v. INSURANCE COMPANY OF NORTH AMERICA, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided August 10, 1983.

Attorney(s) appearing for the Case

Stephen M. Tillery, Kassly, Bone, Becker, Dix & Tillery, Belleville, Ill., for defendants-appellants.

Joseph R. Davidson, Bernard & Davidson, Granite City, Ill., for plaintiff-appellee.

Before CUDAHY and POSNER, Circuit Judges, and ROSENN, Senior Circuit Judge.

CUDAHY, Circuit Judge.

This appeal involves a dispute over rights to a fund of money. The fund was created pursuant to a "Loan Receipt Agreement" entered into by appellants Irvin and Christine Norton (the "Nortons") and appellee Insurance Company of North America ("INA"). The district court granted INA's motion for summary judgment, ordered judgment entered for $100,000 plus interest in favor of INA and this appeal followed...

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