Heilbron v. Guarantee Loan & Trust Co.

Citations

• 13 Wash. 645
• 43 P. 932
• 1896 Wash. LEXIS 108

Syllabus

<p>PLEDGE OP COLLATERAL SECURITY—WHAT CONSTITUTES — DELIVERY.</p> <p>An offer of insurance policies as collateral security for an indebtedness, without actual delivery thereof, the debtor retaining them among his private papers, with the understanding that the creditor should.take possession in case anything happened to him, does not constitute a pledge of the policies.</p>