Parliament Industries, Inc. v. William H. Vaughan & Co.

PRICE, Judge:

This appeal is taken from an order in the trial court dismissing appellant’s petitions to strike two judgments entered by confession. Finding one judgment to be invalid and the other to be excessive, we affirm in part and reverse in part.

On December 8, 1977, the Prothonotary of Lehigh County entered judgment in the amount of $306,365.501 against appellant in favor of appellee. Attached to the praecipe for confession of judgment were four promissory notes in the amount of $87,533.00 with one each maturing on December 28,1977,1978, 1979 and 1980. The notes specified that each was…