GOLDSTEIN v. PENINSULA BANK

No. 520, September Term, 1978.

41 Md. App. 224 (1979)

396 A.2d 542

JOSEPH I. GOLDSTEIN ET UX. v. PENINSULA BANK.

Court of Special Appeals of Maryland.

Decided January 12, 1979.


Attorney(s) appearing for the Case

Stanton J. Levinson, with whom were Gary A. Goldstein and Schimmel & Tatelbaum, P.A. on the brief, for appellants.

Alexander G. Jones, with whom were Jones & Jones on the brief, for appellee.

The cause was argued before MELVIN, LISS and WILNER, JJ.


LISS, J., delivered the opinion of the Court.

On October 31, 1974, the appellants, Joseph I. Goldstein and his wife, Shirley H. Goldstein, executed a demand note to the appellee, Peninsula Bank, in the amount of $125,000.00, providing for interest at the rate of ten percent per annum until the obligation was paid in full. The note authorized a judgment by confession upon default "for any amount which may then be due on this obligation with costs of suit and ten percent...

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