Hazelwood Lumber Co., Inc. v. Smallhoover

OPINION OF THE COURT

HUTCHINSON, Justice.

Appellants, Joseph T. and Dorothy K. Smallhoover, appeal by allowance from an order of the Superior Court affirming an order of the Court of Common Pleas of Allegheny County which struck from the record “satisfaction” of a judgment, against appellants, in favor of appellee, Hazelwood Lumber Company, Inc. The order appealed from was based upon the old common law rule that payment of a sum less than the face amount of a liquidated debt presently due lacks the consideration necessary to support a binding accord and *182satisfaction. We hold that rule…