Kentner v. Society Maid Hosiery Mills, Inc.

Knight, J.,

— The facts, as we gather them from the affidavit of defense and the admitted averments of the sei. fa., are these:

On March 23, 1931, the defendant executed and delivered to the Willow Grove Trust Company its bond and mortgage to secure the payment of $20,000 in twenty monthly instalments of $1000 each. As one of the conditions of obtaining the above loan, the defendant company orally agreed to maintain a balance on deposit with the trust company of from $8000 to $10,000 during the time it held the mortgage. The defendant company complied with the terms of the mortgage and the oral…