Fifth Street Building & Loan Ass'n v. Kornfeld

Opinion by

Mr. Justice Maxey,

Plaintiff filed a bill in equity against the defendants, setting forth, inter alia, that on or about June 26, 1928, an application was made by codefendant Samuel Kornfeld, to the plaintiff for a loan of $35,000, secured by a mortgage upon premises on North 3d Street, Philadelphia, and that on August 27,1928, one Soffian, the agent of Kornfeld, wrote to the plaintiff, stating that Kornfeld would assign as additional security for the proposed loan, a lease from the Gordon Sanitary Linen Supply Company, under which (so Soffian wrote) a rental of $400 a month would be…