Wildes v. Ocean National Bank of Kennebunk

McKUSICK, Chief Justice.

Charles L. Wildes appeals from a judgment entered in Superior Court (York County) against both him and his wholly owned corporation, Wildes, Incorporated (Incorporated). Wildes and Incorporated sued Ocean National Bank of Kennebunk (Bank), alleging that the Bank had fraudulently induced them to enter into a mortgage transaction with it on February 5, 1974. New England Seafood Packers, Inc. (Packers) purchased the mortgaged real estate located in Cape Porpoise from the Bank on June 1, 1977, after the Bank had purchased the property at a foreclosure sale a year before.…