First Pennsylvania Banking & Trust Co. v. Samuels

Ditter, J.,

This case comes before the court on a petition to open a confessed judgment.

In response to defendants’ petition, plaintiff filed an answer, raising certain questions of fact. Depositions were taken, briefs filed, and argument heard by the court en banc.

In November, 1960, defendant Daniel J. Samuels and one Eliadoro Ciealese were the owners of ReBar Steel Service Corporation, a subcontractor of construction work.

*152Requiring funds for the operation of its business, ReBar applied to plaintiff for a loan of $21,000. Its application, on a form prescribed by plaintiff, was dated October…