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HALL v. HUMPHREY-LAKE CORP.

No. 59858.

29 Ill. App.3d 956 (1975)

331 N.E.2d 365

RUTH B. HALL, Plaintiff-Appellee, v. HUMPHREY-LAKE CORPORATION et al., Defendants-Appellants.

Appellate Court of Illinois — First District (3rd Division).

June 5, 1975.

Attorney(s) appearing for the Case

Harry G. Fins, of Chicago, for appellants.

Nat M. Kahn, Richard G. Kany and Barry Feinberg, all of Chicago, for appellee.

Affirmed in part and reversed in part.

Mr. JUSTICE DEMPSEY delivered the opinion of the court:

Decker Hall was a shareholder in the Humphrey-Lake Corporation, an operator of laundry and dry-cleaning stores. In July 1969 he agreed to sell his 98 shares of stock to the company for $36,000 — $28,000 in principal and $8,000 in interest — payable in 48 monthly installments of $750 each. The contract was signed by Hall and by the company's vicepresident...

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