Adams v. James L. Leeds Co.
Supreme Court of Pennsylvania
Appeal, No. 472, Jan. T., 1897, by plaintiff, from order of C. P. No. 3, Pliila. Co., Sept. T., 1897, No. 549, making absolute a rule to open judgment Rule to open judgment. The facts appear by the opinion of the Supreme Court. JUrror assigned was the order of the court.
1Opinion of the Court
Opinion by
Mb. Justice McCollum,
Adams, on November 14, 1896, loaned to Leeds 18,000 and received his note for it, payable one day after date, together with a bill of sale and possession of certain machinery, tools and fixtures then in the mill at the corner of Tenth and Norris streets, Philadelphia, as collateral security for the repayment of the loan. On the same day he leased the machinery, tools, etc., to Leeds, reserving a monthly rental for the use thereof, and Leeds resumed possession of the same. On March 18, 1897, Leeds entered into a partnership with Henry C. Elliott, “ and thereafter…
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