Shapich v. CIBC Bank USA

Illinois Appellate Court
Civil Court
Contracts
Citation
Case Number: 
2018 IL App (1st) 172601
Decision Date: 
Friday, December 14, 2018
District: 
1st Dist.
Division/County: 
Cook Co., 5th Div,
Holding: 
Affirmed in part and reversed in part; remanded.
Justice: 
HOFFMAN

First Subordination Agreement, drafted by Bank and which Bank required Plaintiff to sign, is ambiguous as to whether Plaintiff's manufacturing company was permitted to pay Plaintiff on the Note, and thus it cannot be determined whether a breach occurred. Thus, court erred in entering summary judgment on Plaintiff's claim for tortious interference with a contractual relationship against the Bank. Court proply denied Bank's motion for summary judgment. (HALL and LAMPKIN, concurring.)