| | 1: | | Title: | | | | | Volume/Number: | 2010 October, 21 | | | | Issuing Agency: | | | | | Description: | JUSTICE KILBRIDE delivered the judgment of the court, with opinion. Chief Justice Fitzgerald and Justices Freeman, Thomas, Garman, Karmeier, and Burke concurred in the judgment and opinion. In this appeal, we address whether section 1 of the Sureties Act (740 ILCS 155/1 (West 2000)) is applicable to guarantors. JPMorgan Chase Bank (Bank) filed suit against Earth Foods, Inc., for breach of contract, and against Michael Jarvis, Theodore L. Petrovich, and Leonard S. DeFranco as guarantors of a defaulted loan. DeFranco sought protection under section 1 of the Sureties Act. | | | | Date Created: | 10 21 2010 | | | | Agency ID: | 107682 | | | | ISL ID: | 000000034445 Original UID: 16003 FIRST WORD: JP | |
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