Tuesday, December 27, 2011

But can they saw a commercial loan in half and put it back together? (Interesting Judicial Comments)


"Washington's other case citations, also intended to draw a fiduciary rabbit from a commercial loan agreement hat, are similarly inapposite."

-- Washington Steel Corp. v. TW Corp., 602 F.2d 594 (C.A.3 (Pa.), 1979), considering (and rejecting) a bank's duty to refrain from lending money to one client to take over another client.

No comments:

Post a Comment