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