Dealers Credit Corp. v. Rex Lumber Co.

Gibson, P. J.,

On January 14, 1947, P. & Z. Woodcrafting Co., Inc., by William H. Zotar, its vice president, executed and delivered its note to L. P. Melat Construction Co. for the sum of $12,000, payable in 12 monthly installments of $1,050 each; and by the same paper mortgaged to L. P. Melat Construction Co., to secure the payment of this indebtedness, “88149 BM Yellow Pine — 4/4 & 8/4 — 70923 BM Fir 8/4 — 696 Doors 200 Squares 210 Asphalt Shingles”, located on property in possession and control of the mortgagor in the city of Canonsburg, Pa. This paper purports to be executed under the seal…