International Equity Corp. v. Pepper & Tanner, Inc.

Opinion by

Spaulding, J.,

This is an appeal from an order of the Court of Common Pleas of Montgomery County dismissing appellant corporation’s petition to open a judgment of *120$119,134.51 confessed against appellant on August 21, 1970.1

In 1968, appellant (Pepper), a multi-million dollar business, the largest broker of radio and television advertising and programming time in the United States, sought to diversify by purchasing a line of men’s toiletries produced by appellee (I.E.C.). After negotiations between top corporate officers and counsel, an agreement of sale was executed on July 29, 1968.…