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YELLOW C. CO. of P. v. CARPOL R. CO., INC.

221 Pa.Super. 132 (1972)

Yellow Cab Company of Philadelphia, Appellant, v. Carpol Realty Co., Inc.

Superior Court of Pennsylvania.

March 24, 1972.

Attorney(s) appearing for the Case

Bernard J. Smolens, with him Michael Sklaroff, and Schnader, Harrison, Segal & Lewis, for appellant.

Oscar Spivack, for appellee.

Before WRIGHT, P.J., WATKINS, MONTGOMERY, JACOBS, HOFFMAN, SPAULDING, and CERCONE, JJ.

OPINION BY JACOBS, J., March 24, 1972:

In this case a confessed judgment was opened by the court below. Plaintiff in the judgment appeals. We affirm.

Both parties are corporations. Appellant held appellee's judgment note in the principal amount of $52,500.00. The note called for monthly payments of $582.87 over a ten-year period. The note required monthly payments to be made on the first of each month and provided for acceleration of the principal and the...

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