Engels, Hooper & Co. v. McKinley & Garioch

Citations

• 5 Cal. 153

Syllabus

<p>The assignment of a Lease as collateral security for the payment of a debt, does not vest the estate in the assignee until a breach of the agreement; and an assignee is only entitled to the reversion by privity of estate, or the actual occupation and beneficial enjoyment.</p>