Illinois Compiled Statutes 815 ILCS 105/12 – In any action upon a note, bond, bill, or other instrument in …
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Terms Used In Illinois Compiled Statutes 815 ILCS 105/12
- Plaintiff: The person who files the complaint in a civil lawsuit.
In any action upon a note, bond, bill, or other instrument in writing, which has been assigned to or transferred by delivery to the plaintiff after it became due, a set-off to the amount of the plaintiff’s debt may be made of a demand existing against any person or persons who shall have assigned or transferred such instrument after it became due, if the demand be such as might have been set-off against the assignor, while the note or bill belonged to him.