Osprey Portfolio, LLC v. Izett

Supreme Court of Pennsylvania
Osprey Portfolio, LLC v. Izett, 51 A.3d 181 (Pa. 2012)
616 Pa. 545; 2012 WL 3269219; 2012 Pa. LEXIS 1781

Osprey Portfolio, LLC v. Izett

Opinion of the Court

ORDER

PER CURIAM.

AND NOW, this 13th day of August 2012, the Petition for Allowance of Appeal is GRANTED. The issue, as stated by petitioner, is:

(1) Whether the trial court erred in holding that [Petitioner’s] conditional and non-negotiable Guaranty, which forms the basis of Osprey’s claims, is an “instrument” under seal (a suit of which is governed by a twenty-year statute of limitations pursuant to 42 Pa.C.S. § 5529), rather than a “contract” under seal(a suit of which would be governed by a four-year statute of limitations pursuant to 42 Pa.C.S. § 5525)?

Reference

Full Case Name
OSPREY PORTFOLIO, LLC, as Successor to First Union National Bank v. George IZETT
Status
Published