Court of Appeals for the Seventh Circuit July 28, 2003, 02-3254 (In Re: Doctors Hospital of Hyde Park, Inc., Debtor. Appeal Of: Daiwa Special Asset Corporation)

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United States · · · 28-07-2003

POSNER, Circuit Judge.

This appeal requires us to consider the relation between two statutes of Illinois. One, the Uniform Commercial Code, adopted in Illinois as in all states, provides that the rights of an assignee of an account debtor “are subject to (a) all the terms of the contract between the account debtor and the assignor ...

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