YELLOW C. CO. of P. v. Carpol R. Co., Inc.

Opinion by

Jacobs, J.,

In this case a confessed judgment was opened by the court below. Plaintiff in the judgment appeals. We affirm.

Both parties are corporations. Appellant held appellee’s judgment note in the principal amount of $52,500.00. The note called for monthly payments of $582.87 over a ten-year period. The note required monthly payments to be made on the first of each month and provided for acceleration of the principal and the entry of judgment at the option of appellant should any installment remain unpaid for ten days.

The installment due January 1, 1970, was not paid by January…