Squire v. Hoffman

*597OPINION

By BODEY, J.

The evidence shows that this was simply an ordinary deposit of money secured by collateral. In other words, it was a pledge. There was no specific contract of bailment. It was' the right of a holder of this collateral, after the maturity of the debt which it secured, to sell the same after giving notice to the defendant. 32 O. Jur. p. 44, §34. This he could have done without the stipulation of February 1, 1935. It was a right which inured to him under the law. Accordingly, it not being necessary to enter into the stipulation, it was unnecessary to engage the services of an…