Provident Tradesmens Bank & Trust Co. v. Collins

Diggins, J.,

The matter to be resolved herein concerns defendants’ outstanding petition and rule to show cause why the judgment relative to the above captioned matter should not be stricken. The record shows that on May 19, 1960, defendants executed an agreement with the Provident Tradesmens Bank and Trust Company (hereinafter called Provident) , denominated as a Key Check Credit Agreement. In essence, this agreement established a line of credit in connection with defendants’ checking account, against which defendants could draw checks up to a “maximum credit” of $1,200, and further provided…