Hoffeditz v. Maidencreek Iron Co.

Citations

• 141 Pa. 58
• 21 A. 764
• 1891 Pa. LEXIS 1039

Syllabus

<p>(a) Claimants, on distribution, of the assets of an iron company in the hands of a receiver, bad loaned their accommodation notes to the company, taking a mortgage for the amount of the notes as collateral security. They had not been obliged to pay the notes, or any part thereof:</p> <p>1. The auditor finding that evidence submitted to establish a contract for compensation to the claimants for such loan of their credit was insufficient, and his finding thereon being approved by the court, the decree was affirmed and the appeal therefrom dismissed.</p>