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SCHREIBER v. HACKETT

No. 87-0158.

173 Ill. App.3d 129 (1988)

527 N.E.2d 412

VINCENT J. SCHREIBER, Plaintiff-Appellant, v. ROBERT E. HACKETT, Defendant-Appellee.

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

Rehearing denied August 5, 1988.

Attorney(s) appearing for the Case

James A. Hagstrom, of Chicago, for appellant.

Jeffrey T. Saltz, of Morrison, Kamins & Saltz, P.C., of Chicago, for appellee.

Reversed and remanded.

JUSTICE BILANDIC delivered the opinion of the court:

Plaintiff appeals from an order granting defendant's motion to dismiss plaintiff's complaint on the ground that the action is barred by the statute of limitations. Ill. Rev. Stat. 1985, ch. 110, par. 2-619(a)(5).

Both parties are commodities traders. On September 22, 1980, plaintiff loaned defendant $2,500 in consideration of defendant's oral promise to repay the loan...

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