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NEW RANDOLPH HALSTED v. REGENT TITLE INS.

No. 1-09-1292.

939 N.E.2d 1024 (2010)

NEW RANDOLPH HALSTED CURRENCY EXCHANGE, INC., Plaintiff-Appellant and Cross-Appellee, v. REGENT TITLE INSURANCE AGENCY, LLC, Defendant-Appellee and Cross-Appellant.

Appellate Court of Illinois, First District, Third Division.

November 24, 2010.

Attorney(s) appearing for the Case

Krasnow Saunders Cornblath, LLP, Chicago ( Charles A. Valente, Esq. , Colby M. Green, Esq., of counsel), for Plaintiff-Appellant Cross-Appellee.

Law Offices of Peter S. Stamatis, P.C., Chicago ( Peter S. Stamatis , of counsel), for Defendant-Appellee Cross-Appellant.

Justice NEVILLE delivered the opinion of the court:

New Randolph Halsted Currency Exchange (New Randolph) cashed a check drawn on a bank account of Regent Title Insurance Agency (Regent). Regent stopped payment on the check. New Randolph sued Regent for payment, claiming that New Randolph qualified as a holder in due course of the check. Following a bench trial, the trial court held that New Randolph was not a holder in due course because the check-cashing transaction...

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