Lockspeiser v. Western Maryland Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that a non-binding letter of intent is sufficient to give rise to a duty to negotiate in good faith
• “Applying Pennsylvania law, then, we must ask (1) whether both parties manifested an intention to be bound by the agreement; (2) whether the terms of the agreement are sufficiently definite to be enforced; and (3) whether there was consideration.”

Source: CourtListener parenthetical corpus (CC0).