G & M Oil Company, Incorporated; G & M Terminal,incorporated, Plaintiffs-appellants, v. Glenfed Financial Corporation, Defendant-appellee, 947 F.2d 940 (4th Cir. 1991)

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US Court of Appeals for the Fourth Circuit - 947 F.2d 940 (4th Cir. 1991) Argued Oct. 1, 1991. Decided Nov. 7, 1991

Appeal from the United States District Court for the District of Maryland, at Baltimore. Norman P. Ramsey, District Judge. (CA-88-2884-R)

Argued: Norris Carlton Ramsey, Norris C. Ramsey, P.A., Baltimore, Md., for appellant; James Lindsay Shea, Venable, Baetjer & Howard, Baltimore, Md., for appellee.

On Brief: John A. McCauley, Michael Davis, Venable, Baetjer & Howard, Baltimore, Md., for appellee.

D. Md.

AFFIRMED.

Before DONALD RUSSELL, Circuit Judge, BUTZNER, Senior Circuit Judge, and JAMES H. MICHAEL, Jr., United States District Judge for the Western District of Virginia, sitting by designation.

OPINION

PER CURIAM:


G & M Oil Company appeals the district court's order granting summary judgment for defendant Glenfed Financial Corporation on claims arising from failed negotiations for a financing agreement. The district court determined that correspondence between the parties constituted negotiations to enter a financing agreement upon the fulfillment of certain conditions which were never fulfilled, rather than a contract whereby Glenfed Financial agreed to provide financing to G & M Oil. After reviewing the record and hearing oral arguments, we are convinced that the district court properly concluded that G & M Oil did not satisfy conditions necessary for Glenfed Financial to continue negotiations to provide financing to G & M Oil, nor the conditions which the parties determined would be required for Glenfed Financial to enter a contract to provide financing to G & M Oil. Accordingly, we affirm on the findings and reasoning of the district court. G & M Oil Co. v. Glenfed Fin. Corp., CA-88-2884-R (D. Md. Jan. 10, 1991); G & M Oil Co. v. Glenfed Fin. Corp., CA-88-2884-% (D. Md. Dec. 21, 1989).

AFFIRMED.