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· 3/4/1898

Ormsby v. De Borra

Citations

  • 5 Cal. Unrep. 947
  • 52 P. 499

Syllabus

<p>Pledge.—An Order to the Pledge-holder of Ho tes already indorsed, to hold them for the payment of another debt, constitutes a pledge without further delivery.</p> <p>Appeal.—Where the Evidence is Conflicting, the Findings of the trial court will not be disturbed.</p> <p>Pledge.—In am Action to Foreclose a Pledge of Notes placed with a bank as pledge-holder, the pledgee is entitled to their possession, and to have them remain in the custody of the bank.</p> <p>Pledge.—One Having No Interest in the Property pledged is not aggrieved by, and cannot complain of, the sufficiency of the judgment against the pledge-holder, in an action to foreclose the pledge.</p> <p>Pledge.—Both am Order Directing a Pledgee to Hold notes to secure payment of plaintiff’s debt and the notes referred tó are proper evidence in an action to foreclose the pledge.</p>

Judges: Belcher

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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.