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FIDELITY AM. FIN. CORP. v. BASSMAN

393 Pa. 613 (1958)

Fidelity America Financial Corporation v. Bassman, Appellant.

Supreme Court of Pennsylvania.

September 29, 1958.

Attorney(s) appearing for the Case

Stanford Shmukler, with him Harry P. Voldow, and William A. Goichman, for appellants.

Jack Goushian, with him Bertram Bennett, and Jenkins, Bennett & Jenkins, for appellee.

Before JONES, C.J., MUSMANNO, ARNOLD, JONES and COHEN, JJ.

OPINION BY MR. JUSTICE COHEN, September 29, 1958:

This is an appeal from the order of the Court of Common Pleas No. 7 of Philadelphia County denying defendants' petition to strike a judgment entered against them by confession.

In 1957, the defendants entered into an indemnity and surety agreement in which they agreed to serve as sureties for a principal debtor, Bassman, Inc., in the event that this corporation defaulted on its obligations to the plaintiff...

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