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Venue rule does not automatically apply to confessed judgments in Pennsylvania

On August 28, 2013 by Schnader in Finance

By Stephen J. Shapiro In Midwest Financial Acceptance Corporation v. Lopez, the Superior Court of Pennsylvania held that the venue provisions in the Pennsylvania Rules of Civil Procedure do not automatically apply to confessed judgment proceedings. In so holding, the Court resolved a split of authority among Pennsylvania’s trial courts. In […]

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Pennsylvania’s Superior Court Holds That Loan Term Sheets May Be Binding Contracts

On August 20, 2013 by Schnader in Finance

By Stephen J. Shapiro A recent decision by Pennsylvania’s Superior Court contains a warning for lenders:  loan term sheets may be binding contracts. In County Line/New Britain Realty, LP v. Harleysville National Bank and Trust Company, County Line, a real estate development partnership, sought to borrow more than $12 million from […]

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