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KRANZLER v. SALTZMAN

No. 1-09-0556.

942 N.E.2d 722 (2011)

Leonard KRANZLER, Plaintiff-Appellee, v. Lewis SALTZMAN, Defendant-Appellant.

Appellate Court of Illinois, First District, Second Division.

Rehearing Denied February 10, 2011.

Attorney(s) appearing for the Case

Roderick F. Mollison, Chicago, IL, for Appellant.

Adelman & Gettleman, Ltd., Chicago, IL, (Steven B. Chaiken, of counsel), for Appellee.

OPINION

Justice HARRIS delivered the judgment of the court, with opinion.

Plaintiff Leonard Kranzler loaned defendant Lewis Saltzman $100,000 upon the defendant signing a written "memo" that stated, "Loaned to Lewis Saltzman $100,000 to be paid back with interest." The defendant intermittently made payments that partially repaid the loan. Within 10 years of the date of the defendant's last payment on the loan, plaintiff filed suit in the circuit court of...

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