West Development Group, Ltd. v. Horizon Financial, F.A.
Superior Court of Pennsylvania
1Opinion of the Court
OLSZEWSKI, Judge:
This dispute arises out of a loan commitment agreement between West Development Group, Ltd. (West) and Horizon *193Financial, F.A. (Horizon), whereby Horizon agreed to loan West funds for the purchase of certain property. At closing, Horizon would not approve the form of the documents creating a junior mortgage. The owners of the property, Samuel E. Colavita and Patrick M. McKernan, walked out of the closing when West was unable to pay the purchase price. The property was sold the next business day to another party.
West filed suit against Horizon alleging breach of contract,…
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- Mellon Bank, N.A. v. Aetna Business Credit, Inc.Court of Appeals for the Third Circuit · 1980
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- Central Transportation, Inc. v. Board of Assessment AppealsSupreme Court of Pennsylvania · 1980
- International Organization Master, Mates & Pilots of America v. International Organization Masters, Mates & Pilots of America, Inc.Supreme Court of Pennsylvania · 1981
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