Lipman v. Noblit

Citations

• 194 Pa. 416
• 45 A. 377
• 1900 Pa. LEXIS 404

Syllabus

<p>Principal and agent — Embezzlement by agent — Vendor and vendee.</p> <p>Where a vendor of land is bound to pay off a mortgage on the land before he can demand all the purchase money, and lias failed to do so, and the vendee is ready to pay the purchase money, and it is arranged between the parties that the vendee shall take the deed, and. that the vendee’s attorney shall retain the amount of the mortgage until it has been satisfied, and then to pay the money to the vendor, and all the parol and written evidence point to the fact that the attorney held the money as custodian for the vendor, the vendee cannot be held liable for the attorney’s embezzlement of the money.</p>