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CRAIGS, INC. v. GENERAL ELEC. CAPITAL CORP.

Nos. 92-3200 and 92-3356.

12 F.3d 686 (1993)

CRAIGS, INCORPORATED, Plaintiff- Appellant/Cross-Appellee, v. GENERAL ELECTRIC CAPITAL CORPORATION, Defendant- Appellee/Cross-Appellant, and Associates National Bank, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided December 21, 1993.

Attorney(s) appearing for the Case

Harvey J. Goldstein (argued), Hiller & Frank, Milwaukee, WI, for plaintiff-appellant.

Bruce R. Bauer (argued), Harry G. Holz, Quarles & Brady, Milwaukee, WI, for General Elec. Capital Corp.

James W. Greer, Barbara J. Janaszek (argued), Whyte & Hirschboeck, Milwaukee, WI, for Associates Nat. Bank.

Before CUDAHY, FLAUM, and KANNE, Circuit Judges.

KANNE, Circuit Judge.

In 1983, Craigs, Incorporated, ("Craigs") a Wisconsin retailer, entered into a Revolving Credit Merchant Agreement ("Agreement") with General Electric Capital Corporation ("GECC") of New York. Pursuant to the Agreement, Craigs agreed to sell to GECC certain of its private label credit card accounts with customers of the retail stores it owned and operated. Customers of the Craigs stores would purchase merchandise using the "Craigs" credit cards...

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