Peoples National Bank v. Onorato

63 Pa. D. & C.2d 485, 1972 Pa. Dist. & Cnty. Dec. LEXIS 53
CourtPennsylvania Court of Common Pleas, Montgomery County
DecidedAugust 30, 1972
Docketnos. 68-2341, 68-3289
StatusPublished
Cited by1 cases

This text of 63 Pa. D. & C.2d 485 (Peoples National Bank v. Onorato) is published on Counsel Stack Legal Research, covering Pennsylvania Court of Common Pleas, Montgomery County primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Peoples National Bank v. Onorato, 63 Pa. D. & C.2d 485, 1972 Pa. Dist. & Cnty. Dec. LEXIS 53 (Pa. Super. Ct. 1972).

Opinion

LOWE, J.,

The two above-captioned proceedings were consolidated for trial. The [486]*486former concerns a promissory note on the face of which the makers ostensibly appear to be use plaintiffs, Antonio Franciosa and Ester Franciosa, his wife, and defendants, Michael Onorato and Rita E. Onorato, his wife.

Dr. and Mrs. Onorato contend their role in the execution of the note was that of accommodation makers, and that their liability on the instrument was discharged or extinguished when the Franciosas, the parties accommodated, paid the face amount of the note to the payee bank on June 1, 1965. The Franciosas, on the other hand, contend the Onoratos were, in fact, real parties in interest and comakers with them in the execution of the note and that there is a right of contribution to the extent of one-half the amount paid the bank, or $2,975.75: Kershaw Estate, 352 Pa. 205 (1945); 8A P. L. Encyc. 3 §3. The Franciosas emphatically deny the Onoratos’ contention regarding an accommodation agreement between the parties.

On March 2, 1972, the jury returned a verdict in favor of plaintiffs in the amount of $3,980.06, thereby indicating its conviction defendants were comakers. To the extent the verdict exceeded the sum claimed, the jury, in its discretion, elected to award interest to the Franciosas.

A single issue dominates the disposition of this litigation: the capacity in which the Onoratos executed the promissory note.

Initially, it is to be observed the Uniform Commercial Code of April 6,1953, P. L. 3, as amended, 12A PS §1-101, et seq., is of no assistance in assessing the conflicting contentions of the parties. Section 3-402 comes closest to the issue at bar, concerns an ambiguous signature, and provides: “Unless the instrument clearly indicates that a signature is made in some other capacity it is an indorsement.” This is not such [487]*487a case, because the instrument itself makes it abundantly evident all parties whose signatures appear on the face thereof executed the same in the capacity of comakers.

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Cite This Page — Counsel Stack

Bluebook (online)
63 Pa. D. & C.2d 485, 1972 Pa. Dist. & Cnty. Dec. LEXIS 53, Counsel Stack Legal Research, https://law.counselstack.com/opinion/peoples-national-bank-v-onorato-pactcomplmontgo-1972.