GREENBERG, J., January 17, 1979.
This matter is before us on defendants' petition to open, strike or vacate a judgment by confession entered on October 6, 1977.
On July 1, 1972, Centennial Bank of Philadelphia, Pa. (Centennial) issued an eight percent subordinated capital note (capital note) in favor of Joseph M. McCawley (McCawley) in the principal amount of $500,000 to mature on December 31, 1979. On August 28, 1974, First American Equity Corporation...
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