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RICCI v. REED

No. 87-1612.

169 Ill. App.3d 1062 (1988)

523 N.E.2d 1218

THOMAS C. RICCI, Plaintiff-Appellant, v. WILLIAM S. REED et al., Defendants-Appellees.

Appellate Court of Illinois — First District (2nd Division).

Opinion filed May 10, 1988.

Attorney(s) appearing for the Case

Bellows & Bellows, of Chicago, for appellant.

William J. Bolotin, of Phelan & Doyle, Ltd., of Chicago, for appellees.

Reversed and remanded.

JUSTICE BILANDIC delivered the opinion of the court:

Plaintiff brought this action to recover a $50,000 loan which he alleged was personally guaranteed by defendant, William S. Reed, president of defendant corporation. Following a bench trial, the court entered judgment against the corporate defendant for the amount of the loan plus interest but found William Reed was not personally liable for the loan. Plaintiff appeals from the judgment...

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