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· 2/6/1991

State Street Bank and Trust Co. v. INA Ins. Co.

Citations

  • 567 N.E.2d 42
  • 207 Ill. App. 3d 961
  • 153 Ill. Dec. 327
  • 1991 Ill. App. LEXIS 145

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

  • holding that a bank’s decision to collect on a defaulted loan was a “professional service” because it involved the exercise of business judgment in conducting the bank’s principal business activity
  • PSE applied to insured bank's loan collection actions because they \arose from [bank's] exercise of its business judgment in conducting its principal business activity\
  • PSE applied to insured bank’s loan collection actions because they “arose from [bank’s] exercise of its business judgment in conducting its principal business activity”

Source: CourtListener parenthetical corpus (CC0).

Judges: Knecht

Read full opinion on CourtListener

Sourced from CourtListener / Free Law Project (CC0).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.