Winnet v. Brenner

Opinion by

Me. Justice Cohen,

This is an appeal from a decree of the Court of Common Pleas No. 2 of Philadelphia County granting appellee Winnet’s complaint for equitable interpleader.

Prior to this action appellee was designated escrow in an agreement of sale of stock to appellant Samuel B. Brenner as agent for undisclosed principals. Pending the closing of the sale, appellant deposited the sum of $100,000 with appellee in his capacity as escrow pursuant to the terms of the agreement. The agreement of sale provided that “in the event the buyer defaults in his obligation to make payment of the…