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SANWA BUSINESS CREDIT CORP. v. CONTINENTAL ILL. NAT. BANK AND TRUST CO.

No. 1-91-4084.

617 N.E.2d 253 (1993)

247 Ill. App.3d 155

187 Ill.Dec. 45

SANWA BUSINESS CREDIT CORPORATION, Plaintiff-Appellant, v. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Defendant-Appellee.

Appellate Court of Illinois, First District, Second Division.

May 18, 1993.

Attorney(s) appearing for the Case

Sachnoff & Weaver, Ltd., Chicago (Arnold A. Pagniucci, of counsel), for defendant-appellee.

Arnstein & Lehr, Chicago (Richard H. Ferri, of counsel), for plaintiff-appellant.

Justice DiVITO delivered the opinion of the court:

Plaintiff Sanwa Business Credit Corporation (Sanwa) wrote five checks to multiple payees on its account with defendant Continental Illinois National Bank (Continental) in connection with four transactions with Golf Car World and Golf Car Leasing (collectively, Golf). Continental debited Sanwa's account even though one of the co-payees had not endorsed the checks. When Sanwa demanded over a year later that Continental...

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