APPELLATE COURT OF ILLINOIS, FIRST DISTRICT, FIRST DIVISION
512 N.E.2d 12, 159 Ill. App. 3d 27, 111 Ill. Dec. 108 1987.IL.1016
Appeal from the Circuit Court of Cook County; the Hon. Willard J. Lassers, Judge, presiding.
JUSTICE O'CONNOR delivered the opinion of the court. CAMPBELL and BUCKLEY, JJ., concur.
DECISION OF THE COURT DELIVERED BY THE HONORABLE JUDGE O'CONNOR
Defendant-counterplaintiff, Kenneth O. Munson, appeals from the order of the circuit court of Cook County granting counterdefendant's, First Bank of Oak Park's, motion to dismiss Munson's claim against it. For the reasons that follow, we affirm.
On June 28, 1980, Munson, Josh Bentley and Dr. Shakeab Alshabkhoun formed Bartlett Square Partnership (Bartlett), for the purpose of acquiring, developing, financing, leasing, and managing certain real estate described in the partnership agreement. The agreement required, inter alia, all three partners' consent when borrowing money in the name of the partnership.
Plaintiff, American National Bank and Trust Company of Chicago (American), which is not a party to this appeal, loaned Bartlett $175,000 as evidenced by a promissory note dated December 1, 1982. Bentley, who requested the loan, delivered the note to American. The note was signed by Bentley and Alshabkhoun, whose signatures were guarantied by First Bank of Oak Park (First Bank).
The December 1, 1982, note became due and payable on March 1, 1983. On that date, the December 1 note was paid off by a renewal note in the principal amount of $175,000. The renewal note, which was signed by Bentley alone, contained no signature guaranty. The March 1 renewal note became due and payable on May 2, 1983. On that date, however, no payment was made.
On July 6, 1983, American filed a complaint in the circuit court of Cook County against Bentley, Alshabkhoun, Munson and Bartlett, to collect on the March 1, 1983, note. Munson's answer and counterclaim against Bentley asserted, among other things, that Bentley had obtained the loan for his own personal benefit and that he lacked the authority to obtain the loan on behalf of Bartlett. Alshabkhoun's answer stated substantially the same things as Munson's, but added that his signature on the December 1, 1982, note was a forgery.
On March 15, 1985, American amended its complaint, adding First Bank as a defendant in count III. American alleged that First Bank had induced it to make the loan because of the signature guaranties on the original note dated December 1, 1982. In addition, Munson amended his counterclaim, adding First Bank as a counterdefendant in count V, and requesting damages resulting from First Bank's wrongful and erroneous signature guaranties.
On November 8, 1985, First Bank, pursuant to section 2-615 of the Civil Practice Law (Ill. Rev. Stat. 1985, ch. 110, par. 2-615), moved to dismiss the claims filed against it (the written motion incorrectly stated that it was being brought pursuant to both sections 2-615 and 2-619). On January 14, 1986, First Bank amended the motion.
After hearing arguments, on May 2, 1986, the circuit court dismissed count III of American's complaint and count V of Munson's counterclaim, without granting leave to amend, on the ground that First Bank gave no guaranty as to the March 1, 1983, renewal note. Only Munson appeals the dismissal of his claim.
Munson contends that First Bank's guaranty on the December 1, 1982, note wrongfully represented that Alshabkhoun's signature on that note was genuine. He argues that the verification of genuineness induced American to make the loan originally; therefore, First Bank must compensate him for ...