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Archive for April 2013

Not All Check Signers Are Fiduciaries, Court Says

By Admin | April 1, 2013

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.

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Quitclaim Buyer May Not Claim Breach of Contract

By Admin | April 1, 2013

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.

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