Black & Decker Mfg Co. v. Union Trust Co.

OPINION

By LEVINE, J.

It is contended by the plaintiff that the facts and circumstances disclosed in the record show conclusively that The Black && Decker Mfg. Company designated as the parent company, and the subsidiary corporations, The Black & Decker Electric Company and The Van Dom Electric Tool Company, were merely departments of the parent company and that the three must be regarded to all intents and purposes as one organization. Certain facts are referred to, some of which we shall mention.

When the parent company applied to The Union.Trust Company for a line of credit, the bank granted…