Republic Realty Mortgage Corp. v. Eagson Corp.

MEMORANDUM AND ORDER

BECHTLE, District Judge.

Plaintiff, a Delaware corporation, has brought this diversity action against defendant, a Pennsylvania corporation, *220seeking judgment on a four hundred thousand dollar ($400,000.00) note, together with interest and costs, and to foreclose on a mortgage which secures that debt.1

On October 12, 1972, plaintiff, defendant, and Westinghouse Electric Corporation (“Westinghouse”),2 a Pennsylvania corporation, entered into an agreement whereby plaintiff and Westinghouse each lent defendant $400,000 and each received in return a note as evidence of that debt.…