Goza v. FAIRMONT NATIONAL BANK OF FAIRMONT

Kelly-, - Justice.

Defendant bank appeals from the district court’s denial of its alternative motion for amended findings or for a new trial. The factual setting concerns a purported pledge, and the issues axe whether the pledgor had authority to make the pledge and whether a pledge was effectively created. We answer both questions in the affirmative, reverse the lower court’s ruling, and order judgment for defendant.

Plaintiff is the executor of the estate of A. F. Wentworth. During 1957 Mr. Wentworth obtained two loans totaling $25,000 from defendant bank and pledged 5,000 shares of…