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MEYER v. INDUSTRIAL V.B. & TR. CO.

428 Pa. 577 (1968)

Meyer v. Industrial Valley Bank and Trust Company, Appellant.

Supreme Court of Pennsylvania.

March 15, 1968.

Attorney(s) appearing for the Case

Bernard J. Smolens, with him William T. Hangley, and Schnader, Harrison, Segal & Lewis, for appellant.

Louis J. Goffman, with him H. Robert Fiebach, and Wolf, Block, Schorr and Solis-Cohen, for appellee.

Before BELL, C.J., MUSMANNO, JONES, COHEN, EAGEN, O'BRIEN and ROBERTS, JJ.

OPINION PER CURIAM, March 15, 1968:

Judgment affirmed.

DISSENTING OPINION BY MR. JUSTICE ROBERTS:

Milford Meyer and Max Cohen, two attorneys whose offices were in the same building, had been friends for many years. Cohen, in need of funds, sought to borrow $13,000 from Industrial Valley Bank. When the bank refused to loan this amount without some security, Cohen approached Meyer and asked if Meyer would agree to pledge some of his own stock as

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