Quaker City National Bank v. Hepworth

Citations

• 192 Pa. 315
• 43 A. 969
• 1899 Pa. LEXIS 918

Syllabus

<p>Promissory notes—Payment— Confession of judgment—Evidence.</p> <p>Where a debtor of a bank confesses judgment to a trustee to secure the bank for all the debts which he owes it, including indorsed notes, and the bank has knowledge that the judgment was confessed; that the debtor’s property was sold by the sheriff and bought in by a trustee, and that the trustee conducted the debtor’s business afterwards for over a year, the maker of one of the indorsed notes has a right in a suit upon such note to show what the property bought in by the trustee was worth, what it sold for, what was done with the proceeds, and in general to prove if possible that the bank had received, or ought to have received, satisfaction for the note out of the business conducted by the trustee.</p>