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REED v. UNIV. C.I.T. CREDIT CORP.

434 Pa. 212 (1969)

Reed v. Universal C.I.T. Credit Corporation, Appellant.

Supreme Court of Pennsylvania.

April 23, 1969.

Attorney(s) appearing for the Case

Vincent J. Grogan, with him Duff, Grogan & Doyle, for appellant.

Thomas H. Cauley, with him Richard D. Klaber and Charles E. Evans, for appellee.

Before BELL, C.J., JONES, COHEN, EAGEN, O'BRIEN and ROBERTS, JJ.

OPINION BY MR. JUSTICE ROBERTS, April 23, 1969:

In October, 1956, appellee Chester L. Reed loaned John W. Skeels $20,000 in three separate installments; the loan was evidenced by a judgment note signed by Skeels and his wife. No payments on account of principal or interest were ever made by Skeels or his wife up to the time of the trial. On November 29, 1960 Reed entered judgment on the Skeels' note in the Common Pleas Court of Allegheny County. On the same date Reed...

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