April 2013 – Sharp-Hundley

Not everyone authorized to sign a check is a fiduciary for purposes of the Uniform Fiduciaries Act (760 ILCS 65), the Seventh Circuit U.S. Court of Appeals ruled last month.

A buyer of property by quitclaim deed generally may not claim breach of contract when it learns that the seller did not have fee simple title, a panel in the Appellate Court’s Third District has held.

Archive for April 2013

Not All Check Signers Are Fiduciaries, Court Says

Quitclaim Buyer May Not Claim Breach of Contract