Baribault v. Peoples Bank of Oxford

STEVENS, Judge:

This is an appeal from the order of the Court of Common Pleas of Chester County sustaining a demurrer made against Appellants’ complaint which alleged that Appellees were liable under the Restatement (Second) of Torts § 551 for material nondisclosure. We affirm.

Appellants, Scott and Joan Baribault, and Appellees, The Peoples Bank of Oxford (“bank”) and Carl Fretz, the Bank’s Chief Executive Officer, entered into a commercial loan, whereby the bank loaned Appellants over one million dollars to subdivide and develop “Jackson Farm.” Appellants alleged in their Complaint that…