Carter & Grimsley v. Omni Trading, Inc.

PRESIDING JUSTICE HOLDRIDGE,

dissenting:

I respectfully dissent. In a contractual relationship between attorney and client, the payment of a fee or retainer creates the relationship, and once that relationship is created the contract is no longer executory. Corti v. Fleisher, 93 Ill. App. 3d 517 (1981). Carter’s agreement to enter into an attorney-client relationship with Country Grain was the value exchanged for the checks endorsed over to the firm. Thus, the general rule cited by the majority that “an executory promise is not value” (306 Ill. App. 3d at 1130) does not apply to the case at bar. On that basis I would hold that the trial court erred in determining that Carter was not entitled to the check proceeds and I therefore dissent.