Granger v. Fidelity Trust Co.
Supreme Court of Pennsylvania
Granger v. Fidelity Trust Co., 198 Pa. 428 (Pa. 1901)
48 A. 259; 1901 Pa. LEXIS 810
Brown, Fell, McCollum, Mestbezat, Potter
Granger v. Fidelity Trust Co.
Opinion of the Court
No error was committed in entering the nonsuit and refusing to take it off. There was no appearance of injustice done to the pledgor by bis pledgees in the sale of the collateral. It was duly ratified by him, and after the sale an account accurately stating the transaction was rendered and accepted without objection or protest. The nonsuit was, under the circumstances shown, entirely proper.
Judgment affirmed.
Reference
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- Granger v. Fidelity Trust Company
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- Syllabus
- Bailment—Sale of collateral—Mistake—Estoppel. The pledgor of stock, who with full knowledge that the pledgee of shares has sold the same one day in advance of the time specified in notice of proposed sale, accepts the account of such sale without objection, pays the balance of the debt specified in the account, and takes away his remaining collateral, and acquiesces in the transaction without complaintfor five years and two months, cannot then assert that the sale of the collateral was unlawfully made.