(DOWNLOAD) "First Security Bank v. Bawoll" by And Reversed in Part and Remanded Illinois Appellate Court — Second District Affirmed in Part * Book PDF Kindle ePub Free

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eBook details

• Title: First Security Bank v. Bawoll
• Author : And Reversed in Part and Remanded Illinois Appellate Court — Second District Affirmed in Part
• Release Date : January 27, 1983
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 70 KB

Description

Plaintiff, First Security Bank of Glendale Heights, appeals from that part of the trial court's judgment which, after a bench trial, held for defendant, Madlyne Bawoll, and refused to set aside a conveyance of real property by defendant in trust for her children, despite plaintiff's allegation that the conveyance defrauded it as a creditor of defendant. Defendant cross-appeals from that part of the judgment which found her liable upon two notes to plaintiff and awarded plaintiff $15,097.52 plus costs. Plaintiff raises the single issue of whether defendant's voluntary conveyance of her only asset into a land trust for the benefit of her children for no consideration, regardless of intent, constitutes a fraud on her creditors and should be voided. On cross-appeal, defendant contends that the trial court's judgment in the amount of $15,097.52 against her is against the manifest weight of the evidence in two respects: (1) the amount was erroneously calculated; (2) the trial court erred in finding that defendant was not under duress when she signed one of the two notes.

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