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RESOLUTION TRUST CORP. v. THOMPSON

No. 92-2252.

989 F.2d 942 (1993)

RESOLUTION TRUST CORPORATION, Plaintiff-Appellee, v. Douglas B. THOMPSON, Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided March 31, 1993.

Attorney(s) appearing for the Case

Mitchell L. Marinello, Timothy J. Miller (argued), Novack & Macey, Chicago, IL, for plaintiff-appellee.

Cristofer E. Lord (argued), John L. Huff, Huff & Gaines, Chicago, IL, for defendant-appellant.

Before CUDAHY, POSNER, and RIPPLE, Circuit Judges.

POSNER, Circuit Judge.

Peoples Bank for Savings brought this diversity suit against Douglas Thompson to recover the unpaid balance of a business loan that it had made to Thompson. After the bank became insolvent, the Resolution Trust Corporation was appointed receiver and substituted as the plaintiff. In response to the RTC's motion for summary judgment, Thompson alleged that the RTC had orally agreed to forgive the unpaid balance of the loan in exchange for his contributing...

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