Jacob E. Decker & Sons v. Milwaukee Cold Storage Co.
Wisconsin Supreme Court
Appeal from a judgment of the circuit court for Milwaukee county. Oscar M. Fritz, Circuit Judge. The plaintiff is a packing company at Mason City, Iowa.
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Appeal from a judgment of the circuit court for Milwaukee county. Oscar M. Fritz, Circuit Judge. The plaintiff is a packing company at Mason City, Iowa. Defendant maintains a cold-storage warehouse in Milwaukee. ■ Pursuant to written contracts of November,, 1916, and February 1, 1917, the plaintiff shipped, under consignment-to one Cochrane, .doing business under the name of L. A. Cochrane & Company at Milwaukee, a number of carloads of meats to be sold on a commission basis. Cochrane, not having sufficient storage space of his own, from time to time stored certain shipments of plaintiff’s…
1Opinion of the CourtEschwjeiler, J.
The trial court directed judgment for the defendant upon the theory that although Cochrane, as plaintiff’s factor, could not lawfully pledge the meat itself with defendant as security for his personal indebtedness of $2,600, still he might pledge its substitute, that is, the negotiable warehouse certificate,. and that the defendant, taking back unto itself in good faith the same certificate, thereby secured a valid existing lien on the meat. This is challenged by the plaintiff.
Respondent contends, first, that the trial court was right *94in that contention; and second, that, even though the…
2Cases cited32 opinions
- Murray v. LardnerSupreme Court of the United States · 1865
- Kendall v. StokesSupreme Court of the United States · 1845
- Commercial National Bank v. Canal-Louisiana Bank & Trust Co.Supreme Court of the United States · 1916
- Warner v. MartinSupreme Court of the United States · 1851
- Russell v. . McCallNew York Court of Appeals · 1894
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