McDowell National Bank v. Vasconi

Opinion by

Mr. Justice Musmanno,

On April 19, 1960, Herman F. Yasconi, trading as Vasconi and Sons, executed a judgment note in the sum of $17,100, payable May 19, 1960, to the McDowell National Bank. On April 22, 1960, he executed another note in the sum of $2,500 payable May 22, 1960, to the same payee, both notes authorizing confession of judgment prior to maturity and providing for a 5% attorney’s commission for collection. Neither note mentioned interest.

When the McDowell National Bank confessed judgment on the notes on April 29, 1960, it added to the face amounts the sum of $32.53 as…