Placido v. Citizens Bank & Trust Co.
Court of Special Appeals of Maryland
1Opinion of the CourtMenchine, J.
Two general and six limited partners in Suitland Medical Arts Building, a Limited Partnership (Suitland), doubtless envisioned their proposed edifice as a joy in their youth and a support in old age. Unhappily, its completion brought only the “comfort of the miserable to have partners in their woes.” 1
Suitland in 1971 contracted for the construction of a building, the construction financing of which was to be supplied by Citizens Bank and Trust Company of Maryland (Citizens) in the maximum sum of $1,125,000.00. Upon completion of the building permanent financing was to be supplied by…
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