No. 88-2532.

877 F.2d 1333 (1989)

MID-STATE FERTILIZER CO., Lasley Kimmel, and Maxine Kimmel, Plaintiffs-Appellants, v. EXCHANGE NATIONAL BANK OF CHICAGO, et al., Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided June 19, 1989.

Attorney(s) appearing for the Case

Thomas E. Leiter, Leiter, Brady & Associates, Peoria, Ill., Douglas A. Antonik, David M. Raymond, Mount Vernon, Ill., for plaintiffs-appellants.

David L. Piercy, Howard & Howard, Mount Vernon, Ill., David N. Missner, Franklin S. Schwerin, Angel Rodriguez, Schwartz, Cooper, Kolb & Gaynor, Chicago, Ill., for defendants-appellees.

Before COFFEY, EASTERBROOK, and RIPPLE, Circuit Judges.

EASTERBROOK, Circuit Judge.

Mid-State Fertilizer Co. sold fertilizer in mid-state Illinois. It needed money to buy supplies, pay its workers, and run the business until it could collect from customers. Mid-State arranged for revolving credit from the Exchange National Bank of Chicago, which promised to lend Mid-State 70% of its inventory and receivables to a maximum of $2 million; Mid-State promised to direct its customers to make all payments to a postal box that...

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