JAMES TALCOTT, INC. v. MARGULIS


166 Pa.Super. 267 (1950)

James Talcott, Inc., Appellant, v. Margulis.

Superior Court of Pennsylvania.

January 12, 1950.


Attorney(s) appearing for the Case

Leon S. Forman, with him Wexler & Weisman, for appellant.

Oscar Rosenbaum, for appellee.

Before RHODES, P.J., HIRT, DITHRICH, ROSS, ARNOLD and FINE, JJ. (RENO, J., absent).


OPINION BY ARNOLD, J., January 12, 1950:

The plaintiff appealed from the dismissal of its bill in equity, the court below having held that there was an adequate remedy at law.1

The facts were without dispute. Defendant procured from plaintiff a loan of $15,000, to be used for the purchase of a business which was to be incorporated, with 200 shares of stock to be issued the defendant. The defendant agreed to pledge this stock with...

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