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ALLRED v. SAROVICH

No. 1-90-2144.

595 N.E.2d 24 (1992)

230 Ill. App.3d 266

171 Ill.Dec. 896

Francis Ward ALLRED and Century 21-The Investors, an Illinois corporation, Plaintiffs-Appellants and Counterdefendants, v. Alexander SAROVICH, George Demes, Capitol Federal Bank for Savings, a National Corporation, and Aetna Bank, as Trustee under Trust Agreement dated 4/15/76 and known as Trust No. 10-2093, Defendants-Appellees and Counterplaintiffs.

Appellate Court of Illinois, First District, Third Division.

Rehearing Denied July 6, 1992.

Attorney(s) appearing for the Case

Collins and Bargione, Chicago (George B. Collins and Gregory A. Bedell, of counsel), for plaintiffs-appellants.

Arnold and Kadjan, Chicago (John F. Etzkorn and Charles A. Linn, of counsel), for defendants-appellees.

Justice CERDA delivered the opinion of the court:

Plaintiffs, Allred and Century 21—The Investors, brought an action against defendants, Demes and Sarovich, to void their interest in the business and property that the three men jointly owned. Allred claims that the loan transaction to purchase the business and property was illegal. After the close of plaintiffs' case, the trial court entered judgment for defendants, finding that plaintiffs failed to prove illegality...

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