Kimen v. Atlas Exchange Nat. Bank of Chicago

Supreme Court of the United States
Kimen v. Atlas Exchange Nat. Bank of Chicago, 295 U.S. 215 (1935)
55 S. Ct. 677; 79 L. Ed. 1398; 1935 U.S. LEXIS 318

Kimen v. Atlas Exchange Nat. Bank of Chicago

Opinion

Mr. Justice Stone

delivered the opinion of the Court.

This case, which comes here on certiorari to the Appellate Court of Illinois, First District, is a companion case to Awotin v. Atlas Exchange National Bank of Chicago, decided this day, ante, p. 209.

On November 2, 1929, petitioner purchased of respondent, a national banking association, four $1,000 mortgage bonds of the First National Company Collateral Trust. As an inducement and consideration for the purchase, the respondent agreed to repurchase the bonds at their maturity, at par and accrued interest. In a suit brought by petitioner, to recover for breach of the contract and in general assumpsit to recover the purchase price of the

*216 bonds, the trial court gave judgment for petitioner, which was reversed by the Appellate Court, 275 Ill. App. 638 (opinion not reported), following its decision in Awotin v. Atlas Exchange National Bank, supra. The Supreme Court of the State denied leave to appeal. The issues raised are the same as those in the Awotin case. For the reasons stated in our opinion in that case, the judgment is

Affirmed.

Reference

Full Case Name
Kimen v. Atlas Exchange National Bank of Chicago
Cited By
3 cases
Status
Published