KELLY, J.
Plaintiff and appellee borrowed $2,000 from his employer, appellant corporation, on August 13, 1947, orally agreeing to repay by August 13, 1949. Appellee left the employ of appellant in August, 1948. $100 was paid on the loan and a written memorandum dated October 1, 1948, was signed by appellant and appellee acknowledging appellee's assignment of a stock certificate as security for the loan, with the understanding that it would be reassigned by appellant...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
