Ragen v. Wolfner

192 N.E.2d 560, 43 Ill. App. 2d 70, 1963 Ill. App. LEXIS 625
CourtAppellate Court of Illinois
DecidedSeptember 9, 1963
DocketGen. 48,468
StatusPublished
Cited by7 cases

This text of 192 N.E.2d 560 (Ragen v. Wolfner) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ragen v. Wolfner, 192 N.E.2d 560, 43 Ill. App. 2d 70, 1963 Ill. App. LEXIS 625 (Ill. Ct. App. 1963).

Opinion

MR. PRESIDING JUSTICE ENGLISH

delivered the opinion of the court.

Plaintiff’s complaint sought recovery on 13 promissory notes executed hy defendant * in the total amount of $112,956.25, including $32,456.25 for interest. Defendant answered, admitted execution of the notes, but denying that plaintiff was the legal owner and holder thereof. The answer also alleged that the notes had been paid in full and that plaintiff had come into their possession long after maturity. Depositions of the parties were taken and defendant filed a motion for summary judgment supported by affidavits and by the depositions. Counter-affidavits were also filed. The trial court allowed the motion and entered judgment for defendant. Subsequently plaintiff filed a motion to vacate the judgment and his motion was denied. Plaintiff appeals from both orders.

The origin of the notes in question is not in dispute. It appears that on November 28, 1942 defendant purchased from James M. Eagan, Jr. (then the husband of plaintiff) his 25% interest in Indiana National Publishing Co., a partnership (later known as Central Elinois Printing Co.) for a total consideration of $125,000 evidenced by 21 notes, including the 13 which are the subject of the complaint in this suit. * By their terms, these notes in varying amounts became due over a period of time, the last maturity being December 1, 1947.

The unverified complaint filed February 23,1954 alleges that plaintiff is the legal owner and holder of the notes, and that they have not been paid. The only support to be found for these two conclusions is in the deposition of plaintiff and in her counter-affidavit filed to defendant’s motion for summary judgment. In those documents she explained that the notes had come into her possession after she and her husband were divorced on July 3, 1952; that the notes had been in the apartment they had occupied in Chicago prior to their separation; that under date of June 30, 1952 her husband had executed a property settlement agreement in which he listed all his assets and agreed that she was to have certain of these, together with any other property belonging to him which he had not listed; that the notes in question were not listed among his assets and they thus became her property when she later discovered them in the apartment.

In her deposition she also explained how she knew that defendant had failed to pay the notes, stating that it was because her lawyers had filed this suit. She testified further that “when they (her own lawyers) told me that the notes had been paid, and I asked for proof, they could supply no adequate proof.” She also testified that in 1949 her husband had told her that the notes “will always be good” and that “they should be held for interest” or words to that effect.

In support of defendant’s motion for summary judgment, she filed plaintiff’s deposition and her own, together with affidavits of defendant, James Ragen, Jr., and Lloyd Engebretsen. It is on the strength of these documents, when considered with plaintiff’s affidavit, as set forth above, that we must determine whether there exists a genuine issue as to any material fact. If there is no such issue, then the summary judgment procedure was properly employed and we must, of course, affirm the trial court. (Ill Rev Stats, c 110, § 57(3); Supreme Court Rule 15.)

The deposition and affidavit of defendant described her purchase of the interest of Ragen, Jr., in the partnership; her delivery of the 21 notes to him; and his delivery of a bill of sale to her. The written purchase agreement and the new partnership agreement among defendant, her then husband Charles W. Bidwill, James M. Ragen, Sr., and his wife Virginia E. Ragen, were attached as exhibits. Defendant also stated flatly under oath that all the notes had been paid, and in support of that position swore to the recital of facts which follows. A series of checks drawn by defendant, by Central Illinois Printing Co., and by Bentley Murray Co. (a Bidwill family enterprise) and payable to James M. Ragen, Jr., were all endorsed “for deposit only to account of James M. Ragen, Jr.,” and bore the deposit stamp of City National Bank & Trust Co., in which bank he had his account. Twenty-five hundred dollars in cash was also deposited in that account. Copies of all the checks and the deposit slip covering the cash deposit were attached as exhibits. The last check was dated September 23,1947 and all checks were deposited on or about the dates they bore. The amounts paid by Central Illinois were deducted from defendant’s partnership drawing account. The total of the amounts thus paid was sufficient to pay the notes in full, that being the purpose of the payments, and the manner thereof had been agreed upon by Ragen. The preparation of the checks, their deposit, etc., were handled by Lloyd Engebretsen who was in charge of the books and records for the partnership and for various other personal and business enterprises of defendant and her husband.

Defendant stated that she did not know why the notes sued upon had not been cancelled and returned to her, but she did know that demand for the return of the notes had been made as they were paid. The purchase of Ragen’s partnership interest was the only transaction defendant ever had with him involving indebtedness on her part.

The affidavit of Lloyd Engebretsen corroborated that of defendant as to his business relations with the Bidwills, he having been in charge of the Bookkeeping Department of their companies since 1941. Defendant gave him a copy of her agreement of November 28, 1942 with Ragen, Jr., and under her direction he prepared a schedule of the payments to become due, and entered the payments on the schedule as they were made. A photostatic copy of this schedule was attached.

In his affidavit Engebretsen then told how he had personally prepared all the checks to the order of Ragen, Jr., had deposited them to the credit of his account in the City National Bank, and charged them against the partnership drawing account of defendant at Central Illinois Printing. He also described several minor extensions of time on a few of the notes, which had been agreed to by Ragen. Engebretsen also stated that during the course of the payments (1942-1947) he had made frequent demands upon Ragen for the return of the notes, but they were never returned.

The affidavit of James M. Ragen, Jr., also described the sale by him of a 25% interest in the partnership, and his receipt from defendant of the 21 notes total-ling $125,000 as consideration therefor. He stated that he placed the notes in a concealed shelf in the library of the apartment where he was then living with plaintiff as his wife; that thereafter, at the request of Engebretsen, he made several searches of the premises to find the notes but was unable to do so; that at the time of his last search for the notes, during the latter part of 1947, plaintiff told him they must have been thrown out; that he accepted this explanation and searched no further.

Ragen’s affidavit confirmed the statements of defendant and Engebretsen as to the manner of payment of the notes, and he verified that all notes were paid in full, leaving no debt due to him from defendant.

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Bluebook (online)
192 N.E.2d 560, 43 Ill. App. 2d 70, 1963 Ill. App. LEXIS 625, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ragen-v-wolfner-illappct-1963.