2014
“Void After 90 Days” Legend On Check Does Not Constitute Valid “Stop Payment” Order, Court Rules
A “void after 90 days” notation on a check does not constitute a stop-payment order under Uniform Commercial Code (UCC) § 4-403(a) (810 ILCS 5/4-403(a)) and “is not a reasonable means by which to direct a bank to stop payment on a check”, the Appellate Court in Chicago has ruled.
Read MoreLand Trust Cannot Rescind Under TILA
A land trust which is not an obligor on a loan but which gave a mortgage to secure the loan cannot seek rescission under the Truth In Lending Act, 15 U.S.C. § 1601 et seq. (TILA), a panel in the Appellate Court’s First District has held.
Read MoreExtra Burdens Apply For Breach Of Confidentiality Agreement
A plaintiff claiming breach of a confidentiality agreement cannot merely rely on the existence of such an agreement and its breach, the U.S. Court of Appeals for the Seventh Circuit has held.
Read MoreProof of Grace-Period Notice Required
A plaintiff seeking to foreclose on a single-family owner-occupied residence should specifically allege
that the 30-day grace-period notice of 735 ILCS 5/15-1502.5 was sent, and had better attach proof of that
sending to the complaint.
Minimizing “Minimum Contacts,” At Least For Those That Are “Closely Related”
Courts in Illinois may exercise personal jurisdiction over a plaintiff or defendant by enforcing a forum selection clause against them, even though they were not a signatory to the contract containing the clause, where it was closely related to the dispute such that it became foreseeable that the non-signatory would be bound, the Appellate Court’s First District has held.
Read MoreTrial Courts Must Explain Rule 137 Sanction Denials, Appellate Panel Holds
A trial judge must provide an explanation for a denial of a motion for sanctions brought pursuant to Illinois Supreme Court Rule 137, the Appellate Court’s Fifth District has held.
Read More“Mutual Agreement To Terminate” Clause Unenforceable
A sales representative contract which was terminable only by the mutual agreement of the parties was a contract of indefinite duration and hence terminable at will, a panel of the Appellate Court in Chicago has ruled.
Read MoreBuyers Cannot Waive Incomplete Condition Disclosures
Illinois home buyers do not waive their rights under the Residential Real Property Disclosure Act (765 ILCS 77) by closing the transaction despite omissions on sellers’ disclosure form, a panel in the Appellate Court’s Fourth District has held.
Read MoreViolation of Mortgage License Act Voids Mortgage
A mortgage made by an entity that lacked authorization to conduct such business under the Residential Mortgage License Act (205 ILCS 635) is void as against public policy, a panel in the Appellate Court’s Second District has held.
Read MoreResponse Deadline Is 32 Days For Mailed Requests to Admit
When requests to admit are served by mail, the four-day effectiveness provision of Illinois Supreme Court Rule 12(c) must be taken into account in determining when responses must be served to avoid binding admission of those requests, a panel in the Appellate Court’s First District has held.
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