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MID. ATLANTIC CR. C. v. 1ST PA. BK. & TR. CO.

199 Pa.Super. 456 (1962)

Middle Atlantic Credit Corporation, Appellant, v. First Pennsylvania Banking and Trust Company.

Superior Court of Pennsylvania.

November 15, 1962.

Attorney(s) appearing for the Case

Louis J. DiGiacomo, with him Zoob, Cohan & Matz, for appellant.

Joseph Neff Ewing, Jr., with him William T. Windsor, Jr., and Saul, Ewing, Remick & Saul, for appellee.

Before RHODES, P.J., ERVIN, WRIGHT, WOODSIDE, WATKINS, MONTGOMERY, and FLOOD, JJ.

OPINION BY FLOOD, J., November 15, 1962:

This is an appeal from the refusal of the court below to grant plaintiff's motion for judgment on the pleadings. The following are the undisputed facts under the pleadings:

On August 18, 1959, the plaintiff entered into a security agreement with M. Zucker Co., with respect to accounts receivable of Zucker purchased by the plaintiff. The agreement provided that Zucker was to receive the proceeds of the accounts in trust...

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