Beechwood v. Shieldmakers Enterprises

WOOD, J.,

I

This action was brought by plaintiffs, G. Eugene Beechwood, Philip W. Beechwood and Joan O’Donnell (hereinafter the Beechwoods), to recover liquidated damages from defendant Shieldmakers Enterprises pursuant to 42 Pa.C.S. §8104. The Beech-woods claim they are entitled to liquidated damages because Shieldmakers failed to mark a judgment satisfied as required by section 8104.

This action must be viewed in the context of the following procedural setting: In July 1978, the Beechwoods executed a $100,000 note payable to Brandywine Mortgage Company. This note was secured by a mortgage that…