Sholes v. Western Asphalt Block & Tile Co.

Citations

• 183 Pa. 528
• 38 A. 1029
• 1898 Pa. LEXIS 1074

Syllabus

<p>Bailment pledge — Delivery of possession.</p> <p>A ¡hedge by a corporation to a creditor of a certain amount of asphalt and asphalt blocks out of a larger amount, to secure the payment of a promissory note, cannot be sustained against the claim of a receiver of the corporation subsequently appointed, where it appears that the property was not delivered to the pledgee or marked or numbered in any way, or set apart from the unpledged assets of the company, and that there was nothing that would have enabled the pledgee, if he desired to enforce the pledge, to enter upon the grounds of the company and designate or distinguish what particular part of the product was covered by his lien.</p>