Union National Bank v. Starr

ALPERN, J.,

This matter comes

before the court en banc on motions for judgment on the pleadings filed by both Union National Bank of Pittsburgh, plaintiff, and Albert B. Starr, defendant.

On January 26, 1968, defendant borrowed $60,000 from plaintiff. As consideration for the loan, defendant executed a demand note payable to plaintiff and authorizing confession of judgment as of any term.

There is a dispute as to the oral agreements entered into between the parties at the time of the execution of the demand note. Defendant, in new matter, claims that at the time of the loan it was agreed that the…