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Paul Porvaznik – Business Litigator

Case Notes and Summaries of Recent Cases (State and Federal Courts – Illinois Focus)

Tag Archives: breach of guaranty

Illinois Credit Agreements Act and the Unclean Hands Defense – No Writing = Difficulty Defeating Breach of Guaranty Claim

American Chartered Bank v. Cameron. 2014 IL App (1st) 132231-U, an unpublished First District case, glaringly illustrates the difficulty of defeating a lender’s breach of guaranty claim when the defenses are based on the lender’s oral promises.  The case also sheds light on the nature of the borrower-lender relationship and the contours of the unclean hands …

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Posted byPaulPOctober 27, 2014April 15, 2015Posted inContract Law, CorporateTags: american chartered bank, breach of guaranty, cameron, credit agreement, guarantor liability, ICAA, illinois credit agreements act, non-reliance, unclean hands
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