Carlisle Trust Co. v. Group

Reese, P. J.,

On February 14,1931, John E. Group and W. S. Egulf executed and delivered their promissory note for $100, payable in monthly instalments of $10 each, to the Valley Loan Company, which subsequently indorsed the note to the Carlisle Trust Company, the present holder. The note contained a warrant of attorney to confess judgment.

In December, 1934, the Carlisle Trust Company requested the prothonotary to enter judgment on the note in the sum of $64.50, with interest from June 15, 1932. When presented to the prothonotary, the note was marked paid by the perforation of the letters…