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IFC CREDIT CORP. v. BULK PETROLEUM CORP.

No. 04-2096.

403 F.3d 869 (2005)

IFC CREDIT CORPORATION, Plaintiff-Appellant, v. BULK PETROLEUM CORPORATION and Darshan S. Dhaliwal, Defendants-Appellees.

United States Court of Appeals, Seventh Circuit.

Decided April 8, 2005.

Attorney(s) appearing for the Case

Jordan B. Reich (argued), Kohner, Mann & Kailas, Milwaukee, WI, for Plaintiff-Appellant.

Bruce C. O'Neill (argued), Fox, O'Neill & Shannon, Milwaukee, WI, for Defendants-Appellees.

Before CUDAHY, KANNE and EVANS, Circuit Judges.

CUDAHY, Circuit Judge.

Plaintiff IFC Credit Corporation (IFC) brought suit alleging that Bulk Petroleum Corporation (Bulk) and its CEO, Darshan Dhaliwal, breached a lease agreement under which Bulk leased gasoline tanks and other equipment from IFC with an option to purchase them at the end of the lease. Bulk claims that the lease agreement has been concluded through an accord and satisfaction executed with the assignee of IFC's rights under the lease. The district...

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