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DELANEY v. HAPPEL

No. 1-88-1039.

185 Ill. App.3d 951 (1989)

542 N.E.2d 46

JAMES PAUL DELANEY, Plaintiff, v. JAMES V. HAPPEL, Defendant (William Earl Harp et al., Intervenors and Third-Party Plaintiffs-Appellants; Carl Stacey, Third-Party Defendant-Appellee).

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

Opinion filed June 28, 1989.

Attorney(s) appearing for the Case

Regas, Frezados & Harp, of Chicago (R. Kymn Harp, of counsel), for appellants.

Richard A. Wohlleber and Stacy J. Krebs, both of Chapman & Cutler, of Chicago, and Jeffrey S. Nickloy, of Campbell Kyle Proffitt, of Carmel, Indiana, for appellee.

Judgment affirmed.

JUSTICE WHITE delivered the opinion of the court:

This is an appeal from a summary judgment entered in favor of the appellee.

In July 1982, plaintiff James Paul DeLaney entered into an "Intercreditor and Security Agreement" with defendant James Happel, appellee Carl Stacey, and several other individuals, granting each a security interest in DeLaney's art collection. The "Intercreditor and Security Agreement" stated that DeLaney was...

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