Pantuso Motors, Inc. v. Corestates Bank, N.A.

MONTEMURO, J.:

¶ 1 These cross appeals he from an order of the Court of Common Pleas of Lackawanna County granting Appellees’ motion for judgment on the pleadings, and from a judgment awarding to Appellees the amount of $235,858.36, in an action to recover liquidated damages.

¶ 2 In 1990, Appellees received from Appellant 1 a revolving line of credit of $400,000.00 secured by mortgages, a promissory note with a cognovit clause, and UCC financing statements. In July of 1994, Appellant confessed judgment against Appellees in the amount of $471,-716.71. One month later, in September, Appellees…