Hancock Bank v. Orlando

Opinion by

Watkins, J.,

This is an appeal from an order of the Court of Common Pleas, Civil Division, of Allegheny County discharging a Rule to Show Cause why a judgment should not be opened.

The issues were determined by the court upon the following stipulation of facts.

“1. Plaintiff, The Hancock Bank, through its Board of Directors at a regular meeting in March of 1967, approved a Line of Credit for Little Miss Tomatoes, Inc., to be secured by guarantee of certain principal shareholders.

“2. On July 5, 1967, the Plaintiff Bank loaned to Little Miss |27,500.00 by check payable to Little Miss…