Dollar Bank v. Northwood Cheese Co.

CERCONE, Judge:

This is an appeal of two orders of the lower court denying appellants’ petitions to open and/or strike judgments by confession. We affirm.

The record reveals the following facts. In April, 1989, appellant Northwood Cheese (Northwood) entered into a loan agreement with appellee Dollar Bank and executed a promissory note in connection with this agreement. Appellants George and Eleanor Myrter (the Myrters) guaranteed payment of the loan to Northwood Cheese by executing with appellee a Guaranty and Suretyship Agreement with Power to Confess Judgment. On May 12, 1992, appellee…