Legal Opinion
Clydesdale Bank v. Blackshear Manufacturing Co.
Court of Appeals of Georgia
Decided September 15, 1916No. 6894PublishedCited by 5 opinions
Complaint; from city court of Blackshear — Judge Mitchell. August 19, 1915.
1Opinion of the CourtWade, C. J.
1. There was evidence to support the inference that the collateral note sued upon was deposited with or transferred to the plaintiff to secure a particular loan or debt, and not as security for a general balance or any other demands in favor of the transferee and against the party transferring or depositing the note. “Where securities are pledged to a bank to secure the payment of a particular loan or debt, the bank has no lien on them to secure the payment of* a general balance due to it from the pledgor, nor for the payment of any other claim or indebtedness than the one for which they were…
2Cases cited4 opinions
- Hancock v. Empire Cotton Oil Co.Court of Appeals of Georgia · 1915
- Linderman v. AtkinsSupreme Court of Georgia · 1915
- Hatcher & Co. v. Independence National Bank of PhiladelphiaSupreme Court of Georgia · 1888
- Laster v. Stewart & Co.Supreme Court of Georgia · 1892
3Cited by5 opinions
- Portland Cattle Loan Co. v. GemmellIdaho Supreme Court · 1925
- McDaniel v. Bank of BethlehemCourt of Appeals of Georgia · 1918
- Griffin v. StateCourt of Appeals of Georgia · 1971
- Bank of Georgia v. CardCourt of Appeals of Georgia · 1951
- Deen v. Bank of HazlehurstCourt of Appeals of Georgia · 1929