Carpenter v. Williams

In a suit by R. S. Williams against William Carpenter, a demurrer to the petition was overruled, and the defendant excepted.

The plaintiff’s ease was based upon the theory that the defendant was president of a corporation which had pledged or agreed to pledge certain notes as collateral security for an indebtedness to the plaintiff, but which notes were allowed to remain in the possession of the corporation for the purpose of collection, and that, while the notes were thus held in trust for the plaintiff, the defendant, with full knowledge of the agreement, wrongfully disposed of the notes, to…