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CHICAGO DOWNS ASS'N, INC. v. CHASE

Nos. 90-2078, 90-2672.

944 F.2d 366 (1991)

CHICAGO DOWNS ASSOCIATION, INC., Plaintiff-Appellee, v. Dennis R. CHASE, doing business as Sports Achievements Association, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided September 26, 1991.

Attorney(s) appearing for the Case

Thomas D. Nash, Jr. (argued), Nash & Lalich, Chicago, Ill., for plaintiff-appellee.

Wayne F. Plaza (argued), Edward Dismukes, Rooks, Pitts & Poust, Chicago, Ill., for defendant-appellant.

Before COFFEY, MANION and KANNE, Circuit Judges.

MANION, Circuit Judge.

Dennis R. Chase appeals the district court's entry of summary judgment against him in a breach of contract action brought by Chicago Downs Association, Inc. Chicago Downs owns and operates a parimutuel horse racing track in Illinois. Chase had sold Chicago Downs what is in essence risk insurance, protecting the race track from loss in the event the track had not collected a sufficient amount of funds to cover the guaranteed payout of $50,000...

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