LATIMER v. GRUNDY COUNTY NAT. BANK

No. 3-92-0356.

607 N.E.2d 294 (1993)

239 Ill. App.3d 1000

180 Ill.Dec. 400

Robert R. LATIMER and Linda I. Latimer, Plaintiffs-Appellees, v. GRUNDY COUNTY NATIONAL BANK, as Trustee Under Trust Number 492 and Fatmeh K. File, Defendants-Appellants.

Appellate Court of Illinois, Third District.

January 7, 1993.


Attorney(s) appearing for the Case

Joseph V. Moschetti, Coal City, argued for Grundy County Nat. Bank and Fatmeh K. File.

Jeffrey L. Fisher, Wilmington, for Robert R. and Linda I. Latimer.


Presiding Justice McCUSKEY delivered the opinion of the court:

The vendor in a commercial installment land contract appeals from a judgment in a declaratory action which allowed the purchasers to prepay the contract indebtedness in full. In a case of first impression in Illinois, we apply the rule of the majority of jurisdictions, which do not recognize a right of prepayment in the absence of statute or agreement. However, we conclude that the contract at issue expressly...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases