Camden National Bank, 473 A.2d 884, Web 1984 Me. Lexis 666
(Supreme Judicial Court of Maine)
26.3 Redemption
Elmer and Arletta Hans, husband and wife, owned a parcel of real
property in Illinois. They borrowed $100,000 from First Illinois
National Bank (First Illinois) and executed a note and mortgage to
First Illinois, making the real estate security for the loan. The security
agreement authorized First Illinois to take possession of the property
upon the occurrence of a default and required the Hanses to execute a
quitclaim deed in favor of First Illinois. The state of Illinois
recognizes the doctrine of redemption. When the Hanses defaulted on
the loan, First Illinois filed a lawsuit, seeking an order requiring the
Hanses to immediately execute a quitclaim deed to the property. Must
the Hanses execute the quitclaim deed before the foreclosure sale?
First Illinois National Bank v. Hans, 143 Ill. App.3d 1033, 493
N.E.2d 1171, Web 1986 Ill. App. Lexis 2287 (Appellate Court of
Illinois)
26.5 Consumer Leasing Joyce Givens entered into a rental agreement
with Rent-A-Center, Inc. (Rent-A-Center), whereby she rented a bar
and an entertainment center. The agreement provided that she must
pay in advance to keep the furniture for periods of one week or one
month. Givens could terminate the agreement at any time by making
arrangements for the furniture’s return. Givens made payments for
four months. After that, she failed to make any further payments but
continued to posses the property. When Rent-A-Center became aware
that Givens had moved and taken the furniture with her, in violation
of the rental agreement, it filed a criminal complaint against her.
Thereafter, Givens agreed to return the furniture, and Rent-A-Center
dropped the charges. After Rent-A-Center recovered the furniture,
Givens sued the company, claiming that the agreement she had signed
violated the Consumer Leasing Act. Who wins? Givens v. Rent-A-