Contracts · MBE-tested
OSPREY PORTFOLIO, LLC, as Successor to First Union National Bank, Respondent, v. George IZETT, Petitioner
51 A.3d 181·Supreme Court of Pennsylvania·2012·PA
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Opinion
OSPREY PORTFOLIO, LLC, as Successor to First Union National Bank, Respondent, v. George IZETT, Petitioner.
Supreme Court of Pennsylvania.
Aug. 13, 2012.
[MAJORITY — PER CURIAM.]
ORDER
PER CURIAM.
AND NOW, this 13th day of August 2012, the Petition for Allowance of Appeal is GRANTED. The issue, as stated by petitioner, is:
(1) Whether the trial court erred in holding that [Petitioner’s] conditional and non-negotiable Guaranty, which forms the basis of Osprey’s claims, is an “instrument” under seal (a suit of which is governed by a twenty-year statute of limitations pursuant to 42 Pa.C.S. § 5529), rather than a “contract” under seal(a suit of which would be governed by a four-year statute of limitations pursuant to 42 Pa.C.S. § 5525)?