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GORDON v. SANATOGA INN, INC.

429 Pa.Super. 537 (1993)

632 A.2d 1352

Paul GORDON, Appellee, v. SANATOGA INN, INC., Appellant.

Superior Court of Pennsylvania.

Filed November 4, 1993.

Attorney(s) appearing for the Case

Lawrence Sager, Pottstown, for appellant.

Mark C. Clemm, Plymouth Meeting, for appellee.

Before WIEAND, CIRILLO and HESTER, JJ.

WIEAND, Judge:

On November 12, 1976, Perma Bond Company made a loan of twenty thousand ($20,000.00) dollars to Sanatoga Inn, Inc., the terms of the loan to be reduced to a written instrument at a future date. On November 15, 1977, Sanatoga Inn, Inc., in consideration of value received and for its lender's forbearance in demanding repayment of the loan, executed and delivered to Perma Bond Company a promissory note in the face

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