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PHILA. BD. & MTG. v. HIGH. CREST, et al.

235 Pa.Super. 252 (1975)

Philadelphia Bond and Mortgage Company v. Highland Crest Homes, Inc. (et al., Appellant).

Superior Court of Pennsylvania.

June 24, 1975.

Attorney(s) appearing for the Case

Charles F. Mayer, for appellant.

Norman Ashton Klinger, William L. Matz, and Zoob & Matz, for appellee.

Before WATKINS, P.J., JACOBS, HOFFMAN, CERCONE, PRICE, VAN DER VOORT, and SPAETH, JJ.

OPINION BY CERCONE, J., June 24, 1975:

William Jules Sanft, hereinafter Jules Sanft, was President of Highland Crest Homes, Inc., hereinafter Highland. Highland wished to borrow money from Industrial Valley Bank and Trust Company, hereinafter IVB. It is unclear if this money was to be used personally by Jules Sanft or by Highland. IVB would not lend Highland the money unless Highland obtained a surety. Philadelphia Bond and Mortgage Company, hereinafter PBM, agreed...

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