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WALTON v. PHILADELPHIA NAT. BANK

376 Pa.Super. 329 (1988)

545 A.2d 1383

H. Foster WALTON, III and Gertrude R. Gautier, Appellants, v. PHILADELPHIA NATIONAL BANK, Gateway Foods, Inc. and Gateway Foods of Pennsylvania, Inc., Appellees.

Supreme Court of Pennsylvania.

Filed July 22, 1988.

Attorney(s) appearing for the Case

Joseph E. Greene, Jr., King of Prussia, for appellants.

Michael J. Collard, Philadelphia, for Gateway, appellees.

Before BECK, KELLY and JOHNSON, JJ.

KELLY, Judge:

This is an appeal by plaintiffs, H. Foster Walton, III and Gertrude R. Gautier (hereinafter "appellants"), from the order of June 23, 1987, directing appellee, Philadelphia National Bank (hereinafter "PNB"), to release funds held in escrow to appellee, Gateway Foods, Inc. (hereinafter "Gateway"). We vacate and remand.

A summary of the facts which have led to the instant action is as follows. Gateway acquired Reeves, Parvin & Co. (hereinafter...

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