(Download) "Anderson v. Home Nat. Bank Brockton" by Supreme Judicial Court of Massachusetts * Book PDF Kindle ePub Free
eBook details
- Title: Anderson v. Home Nat. Bank Brockton
- Author : Supreme Judicial Court of Massachusetts
- Release Date : January 28, 1935
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 68 KB
Description
PIERCE, Justice. This is an action of tort for the conversion of seven shares of stock of the Brockton Cooperative Boot and Shoe Company. The answer is a general denial and a plea that the stock was pledged by the original owner thereof as collateral security for the payment of obligations owed by a firm of which the original owner was a member. The case was referred to an auditor whose findings of fact are final by stipulation of the parties. His report discloses the following material facts: On October 27, 1915, the firm of Anderson and Nelson Company obtained from the defendant bank a loan of $8,000. In connection with this loan the individual members of the firm, including Swante Anderson from whom the plaintiff in this action traces title, signed a pledge agreement covering among other stock the seven shares now in controversy, as collateral security for a note for $8,000 'or any renewal or renewals of said note.' At the same time Swante Anderson signed and delivered under his seal 'at least two assignments and powers of attorney in blank' conferring 'irrevocably' the right to use, sell, assign or transfer all or any part of the pledged stock.