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SPILLER v. CONTINENTAL TUBE CO.

No. 56892.

95 Ill.2d 423 (1983)

447 N.E.2d 834

EMMY LOU SPILLER et al., Appellants, v. THE CONTINENTAL TUBE COMPANY, Appellee.

Supreme Court of Illinois.

Opinion filed March 25, 1983.

Attorney(s) appearing for the Case

Anthony C. Raccuglia & Associates, of Peru, for appellants.

Louis E. Olivero, of Peru, for appellee.

Affirmed and remanded.

JUSTICE UNDERWOOD delivered the opinion of the court:

The plaintiffs in this case, Emmy Lou and Clifford E. Spiller, were the owners of two corporations, Spiller and Spiller, Inc., and L.P. Industrial Building Corporation. Emmy Lou Spiller, individually, and the L.P. corporation loaned money to Spiller and Spiller, Inc., in return for the promissory notes of the corporation. The L.P. corporation was subsequently dissolved, and its assets...

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