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MIDWEST INDUS. FUNDING v. FIRST NAT. BANK

No. 91-2846.

973 F.2d 534 (1992)

MIDWEST INDUSTRIAL FUNDING, DIVISION OF RIVERA LEND LEASE, INC., Plaintiff-Appellee, v. FIRST NATIONAL BANK OF LOCKPORT f/k/a Heritage First National Bank of Lockport, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided August 21, 1992.

Attorney(s) appearing for the Case

Robert P. Zapinski (argued), Robert L. Graham, Jeffrey L. Elegant, Jenner & Block, Chicago, Ill., for plaintiff-appellee.

Martin W. Salzman, Eric S. Rein, Schwartz, Cooper, Kolb & Gaynor, Chicago, Ill., Timothy J. Rathbun, Gary S. Mueller (argued), McKeown, Fitzgerald, Zollner, Buck, Hutchison & Ruttle, Joliet, Ill., for defendant-appellant.

Before POSNER and KANNE, Circuit Judges, and WOOD, Jr., Senior Circuit Judge.

KANNE, Circuit Judge.

As the district court recognized, the transactions at issue in this case are relatively straightforward. Plaintiff-appellee Midwest Industrial Funding entered into a funding contract with Complete Service Electric, Inc. Midwest and Complete notified Complete's customers of the funding agreement and advised them to send checks for services rendered to:

Complete Service Electric, Ltd. c/o Midwest Industrial Funding 17W415 Roosevelt Road...

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