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FIRST MORTGAGE CO. v. CARBONE

No. 78.

3 Pa. D. & C. 3d 517 (1977)

First Mortgage Co. of Pa. v. Carbone

Common Pleas Court of Pike County, Pennsylvania.

October 21, 1977.

Attorney(s) appearing for the Case

Richard F. Stern, for plaintiff.

Randolph T. Borden, for defendants.

WILLIAMS, P.J., October 21, 1977.

FINDINGS OF FACT

1. Plaintiff loaned the Port Office Equipment Company, on February 13, 1976, the sum of $20,000.

2. At the time of the loan defendants were President and Secretary of the borrowing corporation.

3. A condition of the loan was that it be personally guaranteed by defendants.

4. Defendants executed a bond in favor of plaintiff...

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