DOLLAR BANK v. SWARTZ


540 Pa. 369 (1995)

657 A.2d 1242

DOLLAR BANK, a Federal Savings Bank, Appellant, v. Myron R. SWARTZ and Laurel F. Swartz, Appellees.

Supreme Court of Pennsylvania.

Decided May 11, 1995.


Attorney(s) appearing for the Case

Timothy M. Slavish, Edward O'Connell, Thorp, Reed & Armstrong, Bruce V. Hicks, Pittsburgh, for appellant.

Bruce M. Campbell, James A. Lewis, Plowman, Spiegel & Lewis, P.C., Pittsburgh, for appellees.

Before NIX, C.J., and FLAHERTY, ZAPPALA, CAPPY, CASTILLE, and MONTEMURO, JJ.


OPINION OF THE COURT

FLAHERTY, Justice.

In this mortgage foreclosure action brought by a bank against guarantors of a commercial loan to a new corporation, we are faced with interrelated issues involving the perfection of security interests under the Uniform Commercial Code, involuntary bankruptcy of the primary debtor, the impairment of obligations, and the interpretation of contract language requiring "reasonable" efforts by the bank to collect...

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