WEISSMAN v. WEENER

No. 93-1357.

12 F.3d 84 (1993)

Howard B. WEISSMAN, Plaintiff-Appellant, v. Phillip WEENER, Individually and d/b/a Weener & Associates, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided December 8, 1993.


Attorney(s) appearing for the Case

James A. Payonk, Jr. (argued), Alan J. Bernstein, Bernstein & Payonk, Chicago, IL, for plaintiff-appellant.

Bruce L. Carmen (argued), Thomas P. McGarry, Thomas P. Sukowicz, D. Kendall Griffith, Chicago, IL, for defendants-appellees.

Before POSNER, Chief Judge, and CUMMINGS and CUDAHY, Circuit Judges.


CUDAHY, Circuit Judge.

Howard Weissman owned a fifty percent interest in A.H.L. corporation, which was popularly known as Metro Dodge, an automobile dealership. When A.H.L. ran into financial difficulty, it sought and received a $410,000 loan from First Midwest Bank. But because the faltering corporation lacked sufficient credit to borrow on its own accord, Weissman was required personally to guarantee the business loan.

Unfortunately for A.H.L., its financial...

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