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MONAGHAN v. COAR

370 Pa. 641 (1952)

Monaghan, Appellant, v. Coar, Appellant.

Supreme Court of Pennsylvania.

May 26, 1952.

Attorney(s) appearing for the Case

Roland J. Christy, with him Christy, Harry & Jones, for plaintiffs, appellants.

Francis Hopkinson, with him James J. Cloran, Roland Fleer and Drinker, Biddle & Reath, for defendant, appellant.

Before DREW, C.J., STEARNE, JONES, BELL, CHIDSEY and MUSMANNO, JJ.

OPINION BY MR. JUSTICE CHIDSEY, May 26, 1952:

The questioned outcome of this case in the court below derives from the following chronology of events. In April of 1942 Martha I. Stern pledged or caused to be pledged with the Fidelity-Philadelphia Trust Company certain shares of stock belonging to her as collateral security for a loan of $10,000 made by the bank to her nephew, William S. Coar, the defendant. Subsequently, in...

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