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LAFAYETTE TRUST BANK v. JAJ CORP.

No. 1980-J-1815.

17 Pa. D. & C. 3d 256 (1980)

Lafayette Trust Bank v. JAJ Corporation

Common Pleas Court of Northampton County, Pennsylvania.

September 10, 1980.

Attorney(s) appearing for the Case

Thomas P. Stitt, for plaintiff.

Terence L. Faul, for defendants.

FRANCIOSA, J., September 10, 1980.

This matter involves defendants' request to strike off a writ of execution.

On February 7, 1980 Lafayette Trust Bank executed an installment loan agreement with JAJ Corporation. The principal purpose of the transaction was to provide for the purchase of inventory for JAJ Corporation. As collateral, a judgment note in favor of the bank was executed in the amount of $15,000. Although the loan was for the corporation...

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