Koch v. First Union Corp.

2002 WL 372939 (2002)

Study Aids
Case Briefs Overview
Casebooks
Case Briefs
K
From our private database of 46,300+ case briefs, written and edited by humans—never with AI.

Koch v. First Union Corp.

Pennsylvania Court of Common Pleas
2002 WL 372939 (2002)

Facts

Harry W. Koch, Alice M. Koch, and Joyce M. Meehan (the homeowners) (plaintiffs) obtained home-equity loans for home-improvement costs. The loans were obtained from First Union National Bank of Delaware (First Union) by way of its contractor, Pennsylvania Resource Corporation (PRC), and PRC’s broker, First Liberty Financial Services, Inc. (First Liberty) (collectively, the creditors) (defendants). While the homeowners were obtaining the loans, PRC and First Liberty advised the homeowners by providing various estimates. However, the homeowners ended up paying amounts far above the estimates. The homeowners filed an amended complaint alleging, among other things, that the creditors owed a fiduciary duty to the homeowners due to the confidential relationship between them and that the creditors had breached that duty by engaging in unfair trade practices and misleading the homeowners with inaccurate estimates. The creditors filed preliminary objections to the complaint, arguing that they owed no fiduciary duty to the homeowners.

Rule of Law

Issue

Holding and Reasoning (Herron, J.)

What to do next…

  1. Unlock this case brief with a free (no-commitment) trial membership of Quimbee.

    You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 820,000 law students since 2011. Some law schools even subscribe directly to Quimbee for all their law students.

    Unlock this case briefRead our student testimonials

  2. Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.

    Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.

    Learn about our approachRead more about Quimbee

Here's why 820,000 law students have relied on our case briefs:

  • Written by law professors and practitioners, not other law students. 46,300 briefs, keyed to 989 casebooks. Top-notch customer support.
  • The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
  • Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
  • Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.

Access this case brief for FREE

With a 7-day free trial membership
Here's why 820,000 law students have relied on our case briefs:
  • Reliable - written by law professors and practitioners, not other law students
  • The right length and amount of information - includes the facts, issue, rule of law, holding and reasoning, and any concurrences and dissents
  • Access in your class - works on your mobile and tablet
  • 46,300 briefs - keyed to 989 casebooks
  • Uniform format for every case brief
  • Written in plain English - not in legalese and not just repeating the court's language
  • Massive library of related video lessons - and practice questions
  • Top-notch customer support

Access this case brief for FREE

With a 7-day free trial membership

Casebooks

Banking Law

Key Terms