Legal Opinion
Renovator's Supply, Inc. v. Sovereign Bank
Massachusetts Appeals Court
Decided August 26, 2008No. 06-P-1938PublishedCited by 23 opinions
1Opinion of the CourtSikora, J.
This appeal presents issues of fair dealing between a lender bank and a commercial customer. The plaintiff, The Renovator’s Supply, Inc. (“Renovator” or “the company”), maintained a contractual line of credit with the defendant, Sovereign Bank (“Sovereign” or “the lender” or “the bank”). Since the beginning of a relationship in 1997 with Sovereign’s predecessor, Fleet Bank, Renovator had annually renewed its credit arrangement with the lender.
In 2002, Sovereign concluded that Renovator presented a heightened credit risk. At 5:00 p.m. three days after the expiration date of the contract,…
2Cases cited52 opinions
- United States v. United States Gypsum Co.Supreme Court of the United States · 1948
- Anthony's Pier Four, Inc. v. HBC ASSOCIATESMassachusetts Supreme Judicial Court · 1991
- PMP Associates, Inc. v. Globe Newspaper Co.Massachusetts Supreme Judicial Court · 1975
- Whitinsville Plaza, Inc. v. KotseasMassachusetts Supreme Judicial Court · 1979
- Linthicum v. ArchambaultMassachusetts Supreme Judicial Court · 1979
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3Cited by23 opinions
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- Bank of America, N.A. v. Prestige Imports, Inc.Massachusetts Appeals Court · 2009
- Vita v. Berman, DeValerio & Pease, LLPMassachusetts Appeals Court · 2012
- NRT New England, Inc. v. MoncureMassachusetts Appeals Court · 2010
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