Franklin National Bank v. Lake Credit Corp.

The defendants’ further application for reargument having been granted, after hearing held on January 23,1969 this court’s orders of November 22 and August 19, 1968 and the judgment entered by the plaintiff upon defendants’ default in the performance of the terms of an alleged stipulation of settlement are vacated.

Following the stipulation alleged to have been made on May 19, 1967 between the attorneys for the respective parties, the defendants made certain payments pursuant to its terms. In November, defendants’ attorney died. The stipulation contained a provision that should there be a…