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MILLIKIN NAT'L BK. v. PETER SCHWABE CORP.

No. 4-87-0732.

177 Ill. App.3d 66 (1988)

531 N.E.2d 1074

THE MILLIKIN NATIONAL BANK OF DECATUR, Plaintiff-Appellant, v. PETER SCHWABE CORPORATION, Defendant and Third-Party Plaintiff-Appellee (Danny Binge et al., Third-Party Defendants.)

Appellate Court of Illinois — Fourth District.

Opinion filed December 7, 1988.

Attorney(s) appearing for the Case

Jeff Justice, of Hull, Campbell & Robinson, of Decatur, for appellant.

Mitchell K. Shick, of Harlan Heller, Ltd., of Mattoon, for appellee.

Judgment reversed.

JUSTICE KNECHT delivered the opinion of the court:

Plaintiff Millikin National Bank of Decatur brings this appeal following the September 17, 1987, ruling of the circuit court of Macon County, granting summary judgment in favor of defendant Peter Schwabe Corporation. We are asked to decide whether acknowledgment of an assignment by defendant's employee was sufficient notice to defendant under section 1-201(27) of the Uniform Commercial Code...

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