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CONAWAY v. 20TH CENTURY CORP.

491 Pa. 189 (1980)

420 A.2d 405

H. James CONAWAY, Jr., Receiver of First State Life Insurance Company of America, Inc., Appellee, v. 20TH CENTURY CORPORATION, Appellant.

Supreme Court of Pennsylvania.

Decided September 22, 1980.

Attorney(s) appearing for the Case

Clyde W. McIntyre, Harrisburg, for appellant.

Bruce E. Cooper, Stewart L. Cohen, Harrisburg, for appellee.

Before EAGEN, C.J., and O'BRIEN, ROBERTS, NIX, LARSEN, FLAHERTY and KAUFFMAN, JJ.

OPINION

EAGEN, Chief Justice.

H. James Conaway, Jr., the receiver of First State Life Insurance Company of America, Inc. (Conaway) filed a complaint in assumpsit against 20th Century Corporation (Century). Conaway's action sought to recover damages for failure to comply with an alleged oral contract between the parent corporation of First State Life and Century. According to the complaint, the contract concerned a promise by Century to purchase 500,000 shares...

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