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FIRST ARLINGTON NAT'L BANK v. STATHIS

No. 82-1940.

115 Ill. App.3d 403 (1983)

450 N.E.2d 833

FIRST ARLINGTON NATIONAL BANK, Plaintiff-Appellant and Cross-Appellee, v. GUS STATHIS, Defendant-Appellee and Cross-Appellant — (Denis J. Rintz et al., Defendants).

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

Opinion filed May 27, 1983.

Attorney(s) appearing for the Case

Vincent F. Lucchese and Vihon, Fuchs, Temple & Berman, Ltd., both of Chicago (Vincent F. Lucchese and Robert F. Fuchs, of counsel), for appellant.

Jerome H. Torshen, Ltd., of Chicago (Jerome H. Torshen and Abigail K. Spreyer, of counsel), for appellee.

Orders affirmed.

JUSTICE SULLIVAN delivered the opinion of the court:

This appeal is from the entry of summary judgment for Gus Stathis (defendant) in an action for declaratory judgment brought to determine the rights and obligations of the parties under a letter of credit issued by the plaintiff bank. Plaintiff contends that the trial court erred in ruling that (1) none of the exceptions contained in section 5-114(2) of the Uniform Commercial Code (the Code...

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