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JACOBSON v. GENERAL FINANCE CORP.

No. 2-91-0635.

592 N.E.2d 1121 (1992)

227 Ill. App.3d 1089

170 Ill.Dec. 441

Jeffrey M. JACOBSON et al., Plaintiffs-Appellees, v. GENERAL FINANCE CORPORATION, Defendant-Appellant.

Appellate Court of Illinois, Second District.

April 24, 1992.

Attorney(s) appearing for the Case

Lawrence X. Pusateri, Bruce N. Menkes, Mark W. Daliere, Craig A. Varga (argued), Peterson & Ross, Schloerb & Seidel, Chicago, for General Finance Corp.

James J. Magee, Magee Negele & Associates, Round Lake, for Jeffrey M. and Joy E. Jacobson.

Justice NICKELS delivered the opinion of the court:

Plaintiffs, Joy E. Jacobson and her son, Jeffrey M. Jacobson, brought suit in the circuit court of Lake County against defendant, General Finance Corporation of Illinois, alleging that a loan agreement with defendant provided for the collection of unlawful interest. Plaintiffs sought recovery pursuant to section 6 of "An Act in relation to the rate of interest and other charges in connection with sales on credit...

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