F.H. PRINCE & CO. v. TOWERS FIN. CORP.

Nos. 1-91-1562, 1-91-2231.

640 N.E.2d 1313 (1994)

266 Ill. App.3d 977

203 Ill.Dec. 940

F.H. PRINCE & CO., INC., a corporation, Plaintiff-Appellee, v. TOWERS FINANCIAL CORPORATION, a corporation, Defendant-Appellant.

Appellate Court of Illinois, First District, Fifth Division.

September 30, 1994.


Attorney(s) appearing for the Case

Roger B. Harris, Daniel J. Becka, Altheimer & Gray, Chicago, for appellant.

Stephen C. Schulte, Paul P. Biebel, Jr., Christopher S. Canning, Winston & Strawn, Chicago, for appellee.


Justice GORDON delivered the opinion of the court:

F.H. Prince and Co., Inc. (hereinafter referred to as Prince) filed a complaint against Towers Financial Corporation (hereinafter referred to as Towers) alleging breach of contract. The contractual terms were contained in a settlement agreement, promissory note and guaranty. The trial court struck Towers' first affirmative defense and counterclaim and dismissed with prejudice Towers' second affirmative defense. Towers...

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