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JP Morgan Chase Bank, N.A. v. Earth Foods, Inc.

 
 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