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DRENKAHN v. PHILA. T. INS. CO.

402 Pa. 138 (1960)

Drenkhahn, Appellant, v. Philadelphia Title Insurance Company.

Supreme Court of Pennsylvania.

December 1, 1960.

Attorney(s) appearing for the Case

Herman P. Abramson, with him Samuel Kravitz, and Ronald I. Kravitz, for appellants.

Daniel Marcu, with him Howard Saul Marcu, and Marcu, Marcu & Marcu, for appellee.

Before JONES, C.J., BELL, JONES, COHEN, BOK and EAGEN, JJ.

OPINION BY MR. JUSTICE BELL, December 1, 1960:

Plaintiffs, who are the owners of a parcel of ground in Bucks County, obtained a construction mortgage loan from the Philadelphia Title Insurance Company. The construction mortgage was in the amount of $14,000, which was deposited by plaintiffs with the defendant to be distributed and disbursed by defendant to plaintiffs or, at defendant's option, to any contractor, sub-contractor...

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