Tom Holder v. Maaco Enterprises

ERVIN, Circuit Judge:

Tom Holder appeals the grant of summary judgment to Maaco Enterprises, Inc. (Maaco), on Holder’s claim against Maaco for fraudulently inducing him to enter into a franchise agreement. The district court granted the motion after concluding that Holder had waived as a matter of law his right to sue Maaco for fraud. We reverse.

I

In 1974 Maaco, a Pennsylvania corporation, placed an advertisement in the Baltimore Sun promoting the operation of its automobile painting and repair franchises and touting the profitability of the franchises. Holder and Milton Gholston, both teachers…