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BANCO CREDITO y AHORRO PONCENO v. SCOTT

250 A.2d 387 (1969)

BANCO CREDITO y AHORRO PONCENO, Plaintiff, v. Josiah M. SCOTT, Defendant.

Superior Court of Delaware, New Castle.

January 29, 1969.

Attorney(s) appearing for the Case

Abraham Hoffman, Wilmington, for plaintiff.

Richard L. Sutton, Wilmington, for defendant.

QUILLEN, Judge.

Defendant Scott is a director and stockholder of Key Finance Corporation (Key), a parent company to the Borinquen Finance Corporation (Finance). Mr. Quing Wong is also a director and stockholder of Key. In September of 1963, defendant received the following letter from the President of Finance regarding a loan made to Finance by plaintiff Banco Credito & Ahorro Ponceno Bank; a corporation of Puerto Rico:

"As you know I have been fighting...

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