B. Lipsitz Co. v. Walker

POPOVICH, Judge:

This is an appeal from an order of the Court of Common Pleas of Allegheny County denying a petition to strike and/or. open a confessed judgment entered against the defendant/appellant, Roy Walker.1 We reverse in part and affirm in part.

On December 30, 1983, the defendant executed a non-negotiable judgment note in the amount of $80,000, payable on demand, in favor of Pittsburgh National Bank. The note contained a confession of judgment clause. On June 25, 1985, the note was assigned by the bank, for value received, to B. Lipsitz Company, the plaintiff/appellee. The next day the…