First Nat. Bank & Trust Co. v. Jaffe

Opinion by

Baldrige, J.,

This appeal is from the decree of the court below refusing to grant an injunction restraining the collection of money due on certain book accounts and bailment leases, and to order an accounting.

Frank Jaffe conducted a retail furniture business in Tarentum. In 1926 he made a loan from the Safe Deposit Bank and Trust Company, which subsequently consolidated with another institution and is now known as the First National Bank & Trust Company of Tarentum, the appellant herein. As collateral security for this loan, he executed a written assignment to the bank of certain…