Moss v. Stalwart B. & L. Ass'n

Opinion bt

Baldrige, J.,

On December 7, 1925, Dr. Julius Wolf son, owner of premises known as 1003 South Sixth Street, Philadelphia, applied to the defendant building and loan association for a loan in the sum of $3,500, on behalf of Mary Schwartz, to whom he was about to sell this property, offering as security a second mortgage thereon. The board of directors voted to grant the loan, provided $1,000 was deposited as additional security. This amount was deposited in cash by Wolf son, and the loan was consummated. When $1,000 was paid on account of the mortgage loan, a demand was made to return…