Tenreed Corp. v. Philadelphia Folding Box Co.

JACOBS, President Judge:

This is an appeal by Philadelphia Folding Box Company from an order of the lower court denying its petition to open a confessed judgment. For the reasons developed below, we conclude that the lower court should have granted the petition to open and, therefore, reverse.

The essential facts of the case were set forth in a prior decision by this Court; 1 only a brief resume of those facts is necessary for purposes of this appeal. It will be remembered that the original lease, effective December 1, 1963, contained a provision for the continuation of that lease on the same…