Transnational Consumer Discount Co. v. Kefauver

Opinion by

Spaeth, J.,

This is an appeal from an order denying a petition to stay execution upon household goods up to $300 in value.

Appellants signed a judgment note and a security agreement containing the standard clause that the signers “waive all relief from all appraisement and exemption laws of any State now in force or hereafter to be passed”. Upon appellants’ failure to make payment as required by the note, appellee sued upon the note, obtained a judgment by default, and issued execution. When the sheriff levied upon household goods covered by the security agreement, appellants claimed…