Bixby v. Crafts

Citations

• 6 Cal. Unrep. 12
• 53 P. 404

Syllabus

<p>Pledge—Lien—Conversion.—A Pledgee of Stock, even if he converts it, by depositing it in escrow under an agreement to convey it to one on exercise of Ms option of purchase on all the corporation’s property, does not thereby lose his lien, under Civil Code, section 2910, the pledgor having waived the tort by electing to treat the pledgee’s contract as authorized.</p> <p>Limitations—Necessity of Pleading.—The statute of limitations, to be availed of, must be pleaded.</p>