Channel Home Centers, Division of Grace Retail Corp. v. Grossman
Court of Appeals for the Third Circuit
1Opinion of the Court
OPINION OF THE COURT
BECKER, Circuit Judge.
This diversity case presents the question whether, under Pennsylvania law, a property owner’s promise to a prospective tenant, pursuant to a detailed letter of intent, to negotiate in good faith with the prospective tenant and to withdraw the lease premises from the marketplace during the negotiation, can bind the owner for a reasonable period of time where the prospective tenant has expended significant sums of money in connection with the lease negotiations and preparation and where there was evidence that the letter of intent was of significant…
2Cases cited22 opinions
- University of Texas v. CamenischSupreme Court of the United States · 1981
- Darlington v. General ElectricSupreme Court of Pennsylvania · 1986
- Fed. Sec. L. Rep. P 99,667 Reprosystem, B v. and N. Norman Muller, and Cross-Appellants v. Scm Corporation, and Cross-AppelleeCourt of Appeals for the Second Circuit · 1984
- GOLDMAN v. McShainSupreme Court of Pennsylvania · 1968
- Field v. Golden Triangle Broadcasting, Inc.Supreme Court of Pennsylvania · 1973
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3Cited by27 opinions
- Teachers Insurance & Annuity Ass'n of America v. Tribune Co.District Court, S.D. New York · 1987
- Racine & Laramie, Ltd. v. Department of Parks & RecreationCalifornia Court of Appeal · 1992
- Jenkins v. County of SchuylkillSuperior Court of Pennsylvania · 1995
- United House of Prayer for All People v. Therrien Waddell, Inc.District of Columbia Court of Appeals · 2015
- Bennett v. Itochu International, Inc.District Court, E.D. Pennsylvania · 2010
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