La Mar-Gate, Inc. v. Spitz
Supreme Court of Pennsylvania
La Mar-Gate, Inc. v. Spitz, 548 Pa. 479 (Pa. 1997)
698 A.2d 62; 1997 Pa. LEXIS 1878
La Mar-Gate, Inc. v. Spitz
Opinion of the Court
ORDER
AND NOW, this 8th day of September, 1997, the Petition for Allowance of Appeal is GRANTED, but LIMITED to the following issue:
1. Whether a personal guaranty, signed by a general partner and pledged pursuant to a loan transaction regarding the partnership, is surplusage or a nullity, where the general partner who signed the guaranty is also a signatory to a note given by the partnership in connection with the loan transaction.
Reference
- Full Case Name
- LA MAR-GATE, INC. v. Eugene B. SPITZ, Eleanor R.Spitz, General Electric Credit Corporation, First Keystone Federal Savings Bank and Atlantic Financial Federal. Petition of Eugene B. SPITZ
- Status
- Published