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

I dissent. Each judgment note specified that judgment could be confessed for an amount “appearing due as of any time past, present, or future”. Since all of the judgment notes arose out of one transaction, I find that this wording clearly supports the conclusion reached by the court below. As stated by the court below:

“The confession of judgment clauses in question also authorize the Prothonotary ‘to admit the maturity (of the notes) hereof by acceleration or otherwise.’ An instrument payable in installments containing a warrant to confess judgment can, absent a specific provision for…