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SAHADI v. CONTINENTAL ILL. NAT. BANK & TRUST CO.

No. 82-1767.

706 F.2d 193 (1983)

Fred N. SAHADI and Helen Sahadi, Individually and as Assignees of the Claims of the Trustee of Great Lakes and European Lines, Inc., Bankrupt, Plaintiffs-Appellants, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, a National Banking Association, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided March 31, 1983.

As Modified April 5, 1983.

As Amended on Denial of Rehearing and Rehearing June 1, 1983.

Attorney(s) appearing for the Case

Thomas K. McQueen, Jenner & Block, Chicago, Ill., for plaintiffs-appellants.

Paul E. Plunkett, Mayer, Brown & Platt, Chicago, Ill., for defendant-appellee.

Before WOOD and ESCHBACH, Circuit Judges, and HOFFMAN, Senior District Judge.

As Amended on Denial of Rehearing and Rehearing En Banc June 1, 1983.

HARLINGTON WOOD, Jr., Circuit Judge.

This is an appeal from the district court's order granting partial summary judgment in favor of the defendant-appellee Continental Illinois Bank (the Bank) in an action alleging that the Bank breached its agreement with the plaintiff-appellant's business, Great Lakes and European Lines, Inc. (GLE), by calling a $7 million loan when GLE tendered interest...

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