Osprey Portfolio, LLC v. Izett
Superior Court of Pennsylvania
1Opinion of the Court
OPINION BY
MUSMANNO, J.:
George Izett (“Izett”) appeals from the Order denying his Petition to Strike and/or Open (“Petition to Strike/Open”) a confessed judgment against him and in favor of Osprey Portfolio, LLC (“Osprey”). We affirm.
On September 9, 1999, First Union National Bank (“the Bank”) entered into a commercial loan transaction with Izett Manufacturing, Inc. (“the Business”). The loan was evidenced by a promissory note (“the Note”), whereby the Bank agreed to lend the Business up to $50,000.1 Izett signed the Note in his capacity as the Vice President of the Business. As further…
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