Beloit Iron Works v. Lockhart

Opinion by

Mr. Justice Simpson,

Alleging that the New Castle Paper Products Corporation (hereinafter called the corporation) had broken its conditional sales contract for a cylinder machine which it had purchased and received from plaintiff, the latter, by leave of court, issued a writ of replevin against the receiver of the corporation, to recover possession of the machine. At the trial, the court directed a verdict in favor of the receiver for the replacement value of the article in controversy, at the time it was taken out of his possession. From the judgment entered on the verdict thus…