MEMORANDUM
SMALKIN, District Judge.
I.
On April 21, 1988, a confessed judgment was entered in this case against the defendants, guarantors of a note in the amount of $210,000.00, dated October 27, 1980, made by the Pen Mar Packaging Corporation (Pen Mar) to Liberty Trust Company of Maryland (Liberty Trust) and secured by a security interest in certain property, including Pen Mar's inventory. The defendants executed a guaranty of that note, of even...
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