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MARX R. & I. CO., INC. v. BLVD. CEN., INC.

398 Pa. 1 (1959)

Marx Realty and Improvement Co., Inc. v. Boulevard Center, Inc. (et al., Appellant).

Supreme Court of Pennsylvania.

December 30, 1959.

Attorney(s) appearing for the Case

Abraham L. Freedman, with him Mitchell E. Panzer, Morris Wolf, and Wolf, Block, Schorr and Solis-Cohen, for appellant.

George B. Clothier, with him Walter J. Collins, Herbert A. Fogel, and Obermayer, Rebmann, Maxwell and Hippel, for appellee.

Before JONES, C.J., BELL, MUSMANNO, JONES, COHEN, BOK and McBRIDE, JJ.

OPINION BY MR. JUSTICE BOK, December 30, 1959:

The following case stated, abbreviated for convenience, was presented to the court below:

On November 28, 1952, Boulevard Center executed its note payable to First Pennsylvania in the sum of $2,500,000 for a loan. As collateral security it executed its bond and warrant and a mortgage on certain Philadelphia real estate which was to be developed. These documents were signed and delivered and the loan was made....

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