R.M. SHOEMAKER v. SOUTHEAST. PA. ECON.


275 Pa.Super. 594 (1980)

419 A.2d 60

R.M. SHOEMAKER CO., Appellant, v. SOUTHEASTERN PENNSYLVANIA ECONOMIC DEVELOPMENT CORPORATION, the Greater Philadelphia Foundation, and Girard Trust Bank.

Superior Court of Pennsylvania.

Filed February 22, 1980.


Attorney(s) appearing for the Case

Victor Wright, Philadelphia, for appellant.

Joseph H. Huston, Jr., Philadelphia, will not file a brief on behalf of Southeastern Pennsylvania Economic Development Corp. and The Greater Philadelphia Foundation, appellees.

David P. Bruton, Philadelphia, for Girard Trust Bank, appellee.

Before PRICE, VAN der VOORT and WIEAND, JJ.


WIEAND, Judge:

Is a lending institution liable to a general contractor for work done pursuant to contract with an owner where the owner has become insolvent and there are loan proceeds which remain undistributed? This is the issue raised on appeal following the lower court's granting of the lender's motion for summary judgment.

In 1972, when the Ford Motor Company determined to close the old Philco plant at Wissahickon Avenue and Abbottsford Road in Philadelphia...

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