Hollywood Boulevard Cinema LLC v. FPC Funding II, LLC , 23 N.E.3d 381 ( 2014 )


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    2014 IL App (2d) 131165
    No. 2-13-1165
    Opinion filed November 17, 2014
    _____________________________________________________________________________
    IN THE
    APPELLATE COURT OF ILLINOIS
    SECOND DISTRICT
    ______________________________________________________________________________
    HOLLYWOOD BOULEVARD CINEMA,                     ) Appeal from the Circuit Court
    LLC,                                            ) of Du Page County.
    )
    Plaintiff and Counterdefendant,         )
    )
    v.                                              ) No. 10-MR-852
    )
    FPC FUNDING II, LLC,                            )
    )
    Defendant and Counterplaintiff-         )
    Appellee                                )
    )
    (Lyon Financial Services, Inc., d/b/a U.S.      )
    Bancorp Equipment Finance, Inc., Nationwide )
    Recovery Systems, Ltd., and West Suburban )
    Bancorp, Inc., Defendants; Ted E. Bulthaup III, ) Honorable
    a/k/a/ Edwin C. Bulthaup III, a/k/a Ted C.      ) Bonnie M. Wheaton,
    Bulthaup III, Counterdefendant-Appellant).      ) Judge, Presiding
    ______________________________________________________________________________
    JUSTICE ZENOFF delivered the judgment of the court, with opinion.
    Justices Hutchinson and Birkett concurred in the judgment and opinion.
    OPINION
    ¶1     Counterdefendant, Ted E. Bulthaup III, is the managing member of Hollywood
    Boulevard Cinema, LLC (Hollywood), which operates a movie theater in Woodridge, Illinois.
    Hollywood entered into an equipment finance lease with IFC Credit Corporation (IFC), for the
    lease of 1,200 movie theater seats and a custom-made elevator, and Bulthaup personally
    guaranteed Hollywood’s obligations under the lease. IFC allegedly assigned the lease and
    
    2014 IL App (2d) 131165
    personal guaranty to counterplaintiff, FPC Funding II, LLC (FPC), which, upon being sued by
    Hollywood, filed a counterclaim against Bulthaup for breach of the personal guaranty. Bulthaup
    appeals the grant of summary judgment in FPC’s favor on its counterclaim. For the following
    reasons, we affirm.
    ¶2                                    I. BACKGROUND
    ¶3     In its declaratory judgment complaint, Hollywood alleged the following. After it entered
    into the equipment finance lease with IFC, Hollywood tendered a $20,565 security deposit to
    IFC and began making monthly lease payments. Later, Hollywood sent $10,000 to IFC as
    prepayment of monthly lease payments, but IFC never acknowledged receiving the payment.
    Instead, Hollywood received a letter from FPC directing Hollywood to send its monthly lease
    payments to FPC. Subsequently, Hollywood received communications from Lyon Financial
    Services, Inc., d/b/a U.S. Bank Portfolio Services (U.S. Bank), and Nationwide Recovery
    Systems, Ltd. (Nationwide), indicating that they were entitled to receive the lease payments.
    Nationwide asserted that it was collecting the lease payments on behalf of West Suburban
    Bancorp, Inc. (West Suburban). Meanwhile, IFC filed for bankruptcy, and Hollywood ceased
    making monthly lease payments in light of “the refusal of any party to provide it with proof that
    it had been assigned some right in the Lease.”
    ¶4     In its original complaint, Hollywood sought declarations that U.S. Bank, Nationwide, and
    West Suburban were not entitled to receive lease payments. Subsequently, both West Suburban
    and Nationwide were dismissed from the action after they expressly disclaimed any right to the
    lease payments. Thereafter, Hollywood filed an amended complaint seeking declarations that
    neither U.S. Bank nor FPC was entitled to receive lease payments.
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    2014 IL App (2d) 131165
    ¶5     FPC then filed counterclaims against Hollywood and Bulthaup, alleging breach of the
    lease and breach of the personal guaranty, respectively. Hollywood filed for bankruptcy, and
    proceedings against it were stayed. Proceedings against Bulthaup for breach of the personal
    guaranty continued. FPC’s counterclaim against Bulthaup alleged that IFC had assigned the
    lease and personal guaranty to FPC. FPC further alleged that Hollywood defaulted on the lease
    when it ceased making monthly lease payments and that Bulthaup was required to honor
    Hollywood’s obligations.
    ¶6     FPC moved for summary judgment on its counterclaim against Bulthaup. FPC argued
    that the exhibits attached to its motion established “a valid sale and assignment” of the lease and
    personal guaranty from IFC to FPC. FPC contended that there was no genuine issue of material
    fact as to FPC’s ownership or as to Bulthaup’s liability.
    ¶7     Attached to FPC’s summary-judgment motion were affidavits from Rebecca Elli, Jayan
    Krishnan, and Jodi White. Elli was a former attorney for IFC. Krishnan was senior vice
    president of DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt AM Main (DZ
    Bank). White was a loss mitigation/workout specialist employed by U.S. Bank.
    ¶8     The affidavits described the relationship among six entities: IFC, FPC, U.S. Bank, DZ
    Bank, Autobahn Funding Company, LLC (Autobahn), and Wells Fargo Bank (Wells Fargo). In
    2003, IFC and FPC entered into a purchase agreement, under which IFC agreed to assign to FPC
    “from time to time” equipment finance leases originated by IFC. In 2005, the six entities entered
    into a “Receivables Loan and Security Agreement” (RLSA), which defined FPC as the borrower,
    IFC as the servicer, Autobahn as the lender, DZ Bank as the lender’s agent, and Wells Fargo as
    the custodian. Under the RLSA, Autobahn agreed to make loans to FPC “from time to time,”
    secured by assets that FPC pledged to DZ Bank, as Autobahn’s agent. The pledged assets were
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    2014 IL App (2d) 131165
    to include equipment finance leases that IFC assigned to FPC pursuant to the purchase
    agreement. Under the RLSA, after FPC pledged leases to DZ Bank in exchange for loans from
    Autobahn, IFC would act as servicer of the leases, continuing to collect lease payments and
    enforce the lease terms. In 2007, the parties to the RLSA named U.S. Bank as the “backup
    replacement servicer,” meaning that U.S. Bank would replace IFC as servicer of the leases if IFC
    defaulted on its obligations as servicer.
    ¶9     According to White’s affidavit, “[o]n or about July 10, 2008, IFC assigned the
    [Hollywood] Lease to FPC.” According to Krishnan’s affidavit, on December 2, 2008, pursuant
    to the RLSA, FPC pledged the Hollywood lease, along with a number of other leases, to DZ
    Bank as collateral for a loan from Autobahn in the amount of $1,146,653.55. According to
    White’s affidavit, on July 2, 2009, DZ Bank terminated IFC as servicer of the pledged leases and
    authorized U.S. Bank to service the leases.
    ¶ 10   FPC further argued in its summary-judgment motion that a settlement agreement entered
    in IFC’s bankruptcy proceeding “re-affirm[ed]” that IFC had assigned the Hollywood lease to
    FPC. Attached to FPC’s motion was a March 31, 2011, order entered in IFC’s bankruptcy
    proceeding approving a settlement agreement among the chapter 7 bankruptcy trustee, Autobahn,
    and DZ Bank. In sum, to settle conflicting claims concerning the leases that FPC had pledged to
    Autobahn and DZ Bank, the trustee agreed, among other provisions, to “irrevocably
    acknowledge and agree that the Sold Leases [including the Hollywood lease] were sold to and
    thus are the sole and exclusive property of FPC Funding, free of any claims of the Debtor’s
    Estate or the Trustee.”
    ¶ 11   Bulthaup responded to FPC’s summary-judgment motion by arguing that none of the
    exhibits on which FPC relied established that IFC assigned the Hollywood lease to FPC. In
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    2014 IL App (2d) 131165
    particular, Bulthaup argued that, under the purchase agreement between IFC and FPC, a
    “condition precedent” to any assignment was IFC’s delivery to FPC of a written, dated
    assignment listing the lease being conveyed. Bulthaup noted that FPC had never produced any
    such written assignment.
    ¶ 12   On October 4, 2013, the trial court granted FPC’s motion for summary judgment and
    entered judgment against Bulthaup in the amount of $167,314.46, which included $50,266.82 in
    attorney fees and costs. The order included a finding pursuant to Illinois Supreme Court Rule
    304(a) (eff. Feb. 26, 2010) that there was no just reason for delaying either enforcement or
    appeal of the judgment.
    ¶ 13   On November 4, 2013, Bulthaup filed both a notice of appeal from the October 4, 2013,
    judgment and a motion to reconsider the judgment. In his motion to reconsider, Bulthaup
    challenged only the amount of attorney fees and costs. The trial court granted Bulthaup’s motion
    to reconsider and vacated the portion of the judgment awarding attorney fees and costs. On
    February 10, 2014, following a hearing on the reasonableness of attorney fees, the court entered
    an amended judgment in the amount of $159,992.46, reflecting a reduced award of attorney fees
    and costs. Bulthaup did not file a new or an amended notice of appeal.
    ¶ 14                                    II. ANALYSIS
    ¶ 15   On appeal, Bulthaup argues that the trial court erred in granting FPC’s motion for
    summary judgment on its counterclaim.       Before addressing this issue, however, we must
    determine whether we have jurisdiction over the appeal.
    ¶ 16                                    A. Jurisdiction
    ¶ 17   Because other claims remained pending when the trial court granted FPC’s motion for
    summary judgment on its counterclaim, Bulthaup’s appeal from the October 4, 2013, judgment is
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    2014 IL App (2d) 131165
    pursuant to Rule 304(a). In Rule 304(a) appeals, the time for filing a notice of appeal is
    governed by Illinois Supreme Court Rule 303 (eff. May 30, 2008). Rule 303(a)(1) provides that,
    if a timely postjudgment motion has been filed, the time for filing a notice of appeal is within 30
    days after the entry of the order disposing of the last pending postjudgment motion. If a party
    prematurely files a notice of appeal before the last pending postjudgment motion has been ruled
    upon, Rule 303(a)(2) provides that the notice of appeal becomes effective when the order
    disposing of the last pending postjudgment motion is entered. Rule 303(a)(2) further provides:
    “A party intending to challenge an order disposing of any postjudgment motion or
    separate claim, or a judgment amended upon such motion, must file a notice of appeal, or
    an amended notice of appeal within 30 days of the entry of said order or amended
    judgment, but where a postjudgment motion is denied, an appeal from the judgment is
    deemed to include an appeal from the denial of the postjudgment motion.” Ill. S. Ct. R.
    303(a)(2) (eff. May 30, 2008).
    In other words, “[a] party intending to challenge *** a judgment amended upon” a postjudgment
    motion must file a new or an amended notice of appeal within 30 days of the “amended
    judgment.”
    ¶ 18   Bulthaup contends that his premature notice of appeal filed on November 4, 2013,
    became effective when the trial court granted his motion to reconsider the October 4, 2013,
    judgment. According to Bulthaup, even though the court entered an amended judgment upon
    granting his motion to reconsider, he was not required to file a new or an amended notice of
    appeal, because the court did not vacate the October 4, 2013, judgment in its entirety. He
    contends that his notice of appeal confers jurisdiction on this court to review the portion of the
    October 4, 2013, judgment that was undisturbed by the amendment.
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    2014 IL App (2d) 131165
    ¶ 19      In order to resolve Bulthaup’s jurisdictional argument, we must interpret Rule 303(a)(2).
    When interpreting a supreme court rule, we look to the principles of statutory interpretation for
    guidance. In re Estate of Rennick, 
    181 Ill. 2d 395
    , 404 (1998). Under those principles, our
    primary objective is to ascertain and give effect to the intent of the rule’s drafters. In re
    Storment, 
    203 Ill. 2d 378
    , 390 (2002). The most reliable indicator of their intent is the language
    of the rule itself, given its plain and ordinary meaning. Robidoux v. Oliphant, 
    201 Ill. 2d 324
    ,
    332 (2002). “If *** we determine that [a] rule is ambiguous, or susceptible to more than one
    reasonable interpretation, we may consider the committee comments, the reason and necessity
    for the rule, and the purpose to be served by it.” Friedman v. Thorson, 
    303 Ill. App. 3d 131
    , 135
    (1999).
    ¶ 20      Rule 303(a)(2)’s requirement that “[a] party intending to challenge *** a judgment
    amended upon” a postjudgment motion must file a new or an amended notice of appeal within 30
    days of the entry of said “amended judgment” is susceptible to more than one reasonable
    interpretation. It could be read to require a new or an amended notice of appeal only if the party
    is challenging a judgment insofar as it is amended. In other words, the party would need to file a
    new or an amended notice of appeal only if challenging the amendment to the judgment. Or, it
    could be read to require a new or an amended notice of appeal if the party is challenging a
    judgment that has been amended. Under this reading, even if the party is challenging only the
    undisturbed portion of the original judgment, and not the amendment to the judgment, it still
    must file a new or an amended notice of appeal within 30 days of the entry of the amended
    judgment.
    ¶ 21      Because Rule 303(a)(2) is ambiguous, we may turn for guidance to the committee
    comments on the rule and to the reason and purpose underlying the rule. Friedman, 303 Ill. App.
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    2014 IL App (2d) 131165
    3d at 135. The committee comments note that paragraph (a)(2) was amended to address cases
    such as John G. Phillips & Associates v. Brown, 
    197 Ill. 2d 337
     (2001), which dismissed appeals
    for lack of jurisdiction because the prior version of Rule 303(a)(2) contained no saving provision
    for premature notices of appeal. Ill. S. Ct. R. 303, Committee Comments (adopted Mar. 16,
    2007). The comments explain that amended Rule 303(a)(2) “protects the rights of an appellant
    who has filed a ‘premature’ notice of appeal by making the notice of appeal effective when the
    order denying a postjudgment motion or resolving a still-pending separate claim is entered.” Ill.
    S. Ct. R. 303, Committee Comments (adopted March 16, 2007).
    ¶ 22   Although the committee comments discuss the protection that Rule 303(a)(2) provides to
    appellants when a postjudgment motion is denied, they caution that the rule does not necessarily
    provide such protection when a postjudgment motion is granted:
    “Note that under subparagraph (a)(2), there is no need to file a second notice of appeal
    where the postjudgment order simply denies the appellant’s postjudgment motion.
    However, where the postjudgment order grants new or different relief than the judgment
    itself, or resolves a separate claim, a second notice of appeal is necessary to preserve an
    appeal from such order.” Ill. S. Ct. R. 303, Committee Comments (adopted March 16,
    2007).
    Thus, if a postjudgment motion is granted and the court awards “new or different relief than the
    judgment itself,” then a new or an amended notice of appeal is necessary to appeal from the
    order granting the postjudgment motion and awarding the new or different relief.
    ¶ 23   We conclude that the committee comments resolve the ambiguity in Rule 303(a)(2). In
    explaining the need for a new or an amended notice of appeal when a postjudgment motion is
    granted, the comments distinguish between the “postjudgment order grant[ing] new or different
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    2014 IL App (2d) 131165
    relief” and the “judgment itself.” The comments explain that a new or an amended notice of
    appeal is necessary to preserve an appeal from a “postjudgment order grant[ing] new or different
    relief.” However, they do not say that a new or an amended notice of appeal is necessary to
    preserve an appeal from the undisturbed portion of the original judgment.           Therefore, we
    conclude that the drafters intended to require a party to file a new or an amended notice of appeal
    following the entry of an amended judgment only if the party intends to challenge the
    amendment to the judgment.
    ¶ 24   We find support for our interpretation of Rule 303(a)(2) in the federal rules of appellate
    procedure. The drafters of the federal rules addressed and resolved the same ambiguity that our
    Rule 303(a)(2) presents. Prior to its amendment in 1998, Federal Rule of Appellate Procedure
    4(a)(4) (eff. Dec. 1, 1993) required a party to file a new or an amended notice of appeal
    following the entry of an amended judgment only if the party was “intending to challenge an
    alteration or amendment of the judgment.” The committee comments confirmed that a new or an
    amended notice of appeal was unnecessary if the party was not challenging the alteration or
    amendment of the judgment. Fed. R. App. P. 4, Committee Comments (1993).
    ¶ 25   In 1998, the drafters amended the rule and expressly stated that the changes were
    “intended to be stylistic only.” Fed. R. App. P. 4, Committee Comments (1998). Following its
    amendment in 1998, Federal Rule of Appellate Procedure 4(a)(4)(B)(ii) (eff. Dec. 1, 1998)
    provided:
    “A party intending to challenge an order disposing of any motion listed in Rule
    4(a)(4)(A), or a judgment altered or amended upon such a motion, must file a notice of
    appeal, or an amended notice of appeal—in compliance with Rule 3(c)—within the time
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    2014 IL App (2d) 131165
    prescribed by this Rule measured from the entry of the order disposing of the last such
    remaining motion.” (Emphasis added.)
    In Sorensen v. City of New York, 
    413 F.3d 292
     (2d Cir. 2005), the Second Circuit explained that
    the “stylistic” amendments to the rule inadvertently introduced an ambiguity. Sorensen, 
    413 F.3d at
    296 n.2. The court explained that the phrase “a judgment altered or amended upon” a
    postjudgment motion “could be read strictly and onerously” to require a new or an amended
    notice of appeal in circumstances unintended by the rule’s drafters. (Internal quotation marks
    omitted.) Sorensen, 
    413 F.3d at
    296 n.2. For example, the rule “could be read to expand the
    obligation to file an amended notice to circumstances where the ruling on the post-trial motion
    alters the prior judgment in an insignificant manner or in a manner favorable to the appellant,
    even though the appeal is not directed against the alteration of the judgment.” Sorensen, 
    413 F.3d at
    296 n.2.
    ¶ 26   In response to the concerns raised in Sorensen, the drafters amended the rule by returning
    to language similar to that in the pre-1998 rule:
    “A party intending to challenge an order disposing of any motion listed in Rule
    4(a)(4)(A), or a judgment’s alteration or amendment upon such a motion, must file a
    notice of appeal, or an amended notice of appeal—in compliance with Rule 3(c)—within
    the time prescribed by this Rule measured from the entry of the order disposing of the last
    such remaining motion.” (Emphasis added.) Fed. R. App. P. 4(a)(4)(B)(ii) (eff. Dec. 1,
    2009).
    According to the committee comments, the “amendment removes that ambiguous reference to ‘a
    judgment altered or amended upon’ a post-trial motion, and refers instead to ‘a judgment’s
    alteration or amendment’ upon such a motion.” Fed. R. App. P. 4, Committee Comments
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    2014 IL App (2d) 131165
    (2009). The comments further explain that a new or an amended notice of appeal is required
    only “when an appellant wishes to challenge an order disposing of a [postjudgment motion] or a
    judgment’s alteration or amendment upon such a motion.” Fed. R. App. P. 4, Committee
    Comments (2009). In essence, the drafters clarified that, despite the inadvertent ambiguity
    introduced by the “stylistic” 1998 amendments, the rule had the same meaning all along.
    ¶ 27   Because the saving provision was added to our Rule 303(a)(2) in 2007, it was modeled
    after the version of the federal rule that existed between 1998 and 2009. Indeed, the committee
    comments explaining the 2007 amendment to Rule 303(a)(2) contain a citation to the federal
    rule. Ill. S. Ct. R. 303, Committee Comments (adopted Mar. 16, 2007). Unfortunately, this
    means that Rule 303(a)(2) inherited the ambiguity that the “stylistic” amendments to the federal
    rule inadvertently introduced. Thus, although Rule 303(a)(2) has not been amended in the same
    manner as the federal rule, the history of the federal rule and the committee comments on our
    rule make clear that the drafters intended for Rule 303(a)(2) to mean the same thing that the
    federal rule always meant, which is that a party must file a new or an amended notice of appeal
    only if challenging the alteration or amendment of a judgment upon a postjudgment motion.
    ¶ 28   Based on the foregoing, we conclude that, to the extent that Bulthaup challenges only the
    undisturbed portion of the October 4, 2013, judgment, he was not required to file a new or an
    amended notice of appeal after the trial court amended the judgment. Bulthaup’s premature
    notice of appeal filed on November 4, 2013, became effective once the court disposed of his
    postjudgment motion on February 10, 2014, and it confers jurisdiction on this court to review the
    undisturbed portion of the October 4, 2013, judgment.
    ¶ 29                                 B. Summary Judgment
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    2014 IL App (2d) 131165
    ¶ 30   Bulthaup maintains that the trial court erred in granting summary judgment in FPC’s
    favor on its counterclaim. He contends that the purchase agreement between IFC and FPC
    required a written, dated assignment of the lease to FPC, which never occurred.             He also
    contends that the bankruptcy court’s approval of the settlement agreement among IFC’s
    bankruptcy trustee, Autobahn, and DZ Bank did not establish that IFC assigned the lease to FPC.
    ¶ 31   FPC responds that, because Bulthaup was not a party to the assignment, he lacks standing
    to challenge it. Alternatively, FPC maintains that the exhibits attached to its summary-judgment
    motion, including the settlement agreement in IFC’s bankruptcy proceeding, established that
    there was no genuine issue of material fact regarding its ownership of the lease.
    ¶ 32   Summary judgment is proper when “the pleadings, depositions, and admissions on file,
    together with the affidavits, if any, show that there is no genuine issue as to any material fact and
    that the moving party is entitled to a judgment as a matter of law.” 735 ILCS 5/2-1005(c) (West
    2012). A court ruling on a motion for summary judgment must construe the pleadings and the
    evidentiary material strictly against the movant. Morrissey v. Arlington Park Racecourse, LLC,
    
    404 Ill. App. 3d 711
    , 724 (2010). “A genuine issue of material fact exists where the facts are in
    dispute or where reasonable minds could draw different inferences from the undisputed facts.”
    Morrissey, 404 Ill. App. 3d at 724. Our review of an order granting summary judgment is de
    novo. Gillespie v. Community Unit School District No. 7, 
    2014 IL 115330
    , ¶ 27.
    ¶ 33   An assignment occurs when there is a transfer of some identifiable interest from the
    assignor to the assignee. Stoller v. Exchange National Bank of Chicago, 
    199 Ill. App. 3d 674
    ,
    681 (1990). Generally, no particular form of assignment is required; rather, any document that
    evidences the assignor’s intent to vest ownership of the interest in the assignee is sufficient to
    effect an assignment.     Klehm v. Grecian Chalet, Ltd., 
    164 Ill. App. 3d 610
    , 616 (1987).
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    2014 IL App (2d) 131165
    However, an assignment can be oral or written. Klehm, 164 Ill. App. 3d at 616. “When there is
    no writing to evidence the intention to transfer some identifiable property, claim or right, it is
    necessary to scrutinize the surrounding circumstances and acts of the parties to ascertain their
    intentions.” Strosberg v. Brauvin Realty Services, Inc., 
    295 Ill. App. 3d 17
    , 30 (1998).
    ¶ 34   In Bank of America National Ass’n v. Bassman FBT, L.L.C., 
    2012 IL App (2d) 110729
    ,
    this court addressed the issue of whether a litigant who was not a party to an assignment had
    standing to challenge it. In Bassman, the plaintiff bank was the trustee of a trust that held
    mortgages pursuant to a pooling and services agreement (PSA). Bassman, 
    2012 IL App (2d) 110729
    , ¶ 4. The defendant executed certain mortgages, which were then transferred to the trust
    in a manner contrary to that set forth in the PSA. Bassman, 
    2012 IL App (2d) 110729
    , ¶ 4. The
    plaintiff, as trustee of the trust, successfully foreclosed on the mortgages, and the defendant
    appealed. Bassman, 
    2012 IL App (2d) 110729
    , ¶ 2. On appeal, the defendant argued that the
    plaintiff lacked standing to foreclose on the mortgages, because of noncompliance with the PSA.
    Bassman, 
    2012 IL App (2d) 110729
    , ¶ 14. The plaintiff responded that, regardless of the manner
    in which the mortgages were transferred to the trust, the defendant lacked standing to raise the
    issue, because he was not a party to the PSA. Bassman, 
    2012 IL App (2d) 110729
    , ¶ 14.
    ¶ 35   This court agreed with the plaintiff. We noted that, although there was little Illinois law
    on point, the “widely accepted” rule is that, “barring third-party beneficiary status, a litigant
    lacks standing to attack an assignment to which he or she is not a party.” Bassman, 
    2012 IL App (2d) 110729
    , ¶ 15. Relying on a federal district court case, we noted that there are exceptions to
    this rule. Bassman, 
    2012 IL App (2d) 110729
    , ¶ 16 (citing Livonia Property Holdings, LLC v.
    12840-12976 Farmington Road Holdings, L.L.C., 
    717 F. Supp. 2d 724
    , 735-36 (E.D. Mich.
    2010)). Specifically, although a litigant who is not a party to an assignment generally lacks
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    2014 IL App (2d) 131165
    standing to raise any defense to an assignment that would render it merely voidable, a litigant
    “may raise a defense to an assignment that would render it ‘absolutely invalid,’ that is, void.”
    Bassman, 
    2012 IL App (2d) 110729
    , ¶ 16 (quoting Livonia Property Holdings, 
    717 F. Supp. 2d at 735-36
    ). Ultimately, we concluded that noncompliance with the PSA rendered the assignment
    of the mortgages to the trust merely voidable and that the defendant lacked standing to raise the
    issue. Bassman, 
    2012 IL App (2d) 110729
    , ¶ 21.
    ¶ 36   We agree with FPC that, because Bulthaup was not a party to the purchase agreement
    between IFC and FPC, he lacks standing to assert noncompliance with the agreement as a basis
    to challenge the assignment of the lease from IFC to FPC. Bulthaup notes that the purchase
    agreement provided that a “condition precedent” to an assignment was FPC’s receipt of a
    written, dated assignment from IFC listing the lease being conveyed. As Bulthaup correctly
    points out, FPC never produced any such written assignment. However, because an assignment
    can be oral or written, IFC’s failure to execute a written assignment would not render the
    assignment void. See Klehm, 164 Ill. App. 3d at 616 (an assignment can be oral or written). At
    most, it would render the assignment voidable at the election of either IFC or FPC. Thus,
    Bulthaup lacks standing to challenge the assignment.
    ¶ 37   To the extent that Bulthaup argues that FPC presented insufficient evidence of an
    assignment, which is an argument that arguably he would have standing to make, he has forfeited
    it. Illinois Supreme Court Rule 341(h)(7) (eff. Feb. 6, 2013) requires an appellant’s brief to
    contain argument supported by citation to authority and to the record. In re Marriage of Petrik,
    
    2012 IL App (2d) 110495
    , ¶ 38. An appellant’s failure to support his or her argument with
    citation to authority can forfeit consideration of the issue. Petrik, 
    2012 IL App (2d) 110495
    ,
    ¶ 38. “ ‘ “The appellate court is not a depository in which the appellant may dump the burden of
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    2014 IL App (2d) 131165
    argument and research.” ’ ” Petrik, 
    2012 IL App (2d) 110495
    , ¶ 38 (quoting Kic v. Bianucci,
    
    2011 IL App (1st) 100622
    , ¶ 23, quoting Thrall Car Manufacturing Co. v. Lindquist, 
    145 Ill. App. 3d 712
    , 719 (1986)).
    ¶ 38   Bulthaup fails to cite a single authority defining an assignment, discussing the principles
    used to determine whether an assignment has occurred, or addressing the standards for affidavits
    offered in support of a summary-judgment motion. Instead, he makes the conclusory assertion
    that Elli’s and White’s affidavits were not “sufficient to prove that IFC assigned the Lease.” He
    provides no authority or explanation for why the affidavits were insufficient. He also maintains
    that the settlement agreement in IFC’s bankruptcy proceeding was not evidence of an
    assignment. However, in the portion of his brief addressing the settlement agreement, he again
    fails to cite a single authority. Accordingly, Bulthaup has forfeited his argument that FPC
    presented insufficient evidence of an assignment.
    ¶ 39                                  III. CONCLUSION
    ¶ 40   For the foregoing reasons, we affirm the judgment of the circuit court of Du Page
    County.
    ¶ 41   Affirmed.
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