Eastern Electric Sales Co. v. Provident Tradesmens Bank & Trust Co.

Opinion by

Mr. Justice Cohen,

Appellant, Eastern Electric Sales Co., Inc. (Eastern), brought this action in equity to obtain specific performance, of an alleged oral agreement between Eastern and the appellee Provident Tradesmens Bank & Trust Company (Provident) for the sale of certain real estate located in Philadelphia, and to rescind and cancel a subsequent written agreement between Provident and L. Resnick & Sons (Resnick), also an appellee, for the same property.

The relevant findings by the chancellor are as follows : On the morning of December 5, 1958, Stephen McLaughlin, a duly…