Mulcahy v. Loftus

Opinion by

Mr. Justice Pomeroy,

On February 28,1967, John E. Loftus, Jr., individually, and Jeljr, Inc., by Loftus as its president and A. Watson as secretary, jointly executed and delivered a promissory note payable 60 days after date to the order of William F. Mulcahy in the amount of $10,000, with interest at the rate of 2%% per month. The note contained a power of attorney to confess judgment as of any term. The note was “filed” in the Office of the Prothonotary of Montgomery County on March 6, 1967. Seven weeks later, on May 23, 1967, an assessment of damages was filed in the amount of…