Steiner v. Rig-A-Jig Toy Co.

JUDGE ROBSON

delivered the opinion of the court.

Defendant, Rig-A-Jig Toy Company, appeals from a judgment confirming a judgment by confession previously entered in favor of the plaintiff. The confessed judgment on two promissory demand notes executed by the defendant corporation was in the sum of $40,000 principal, $19,200 interest, and $3,000 attorney’s fees.

The records reveals that the plaintiff, Oscar Steiner, M. S. Landfield, and the intervening petitioner, Joseph Wertheimer, had, since 1935, been engaged in a series of business relationships. In 1945 these three men agreed to participate…