J. H. & C. K. Eagle, Inc. v. Kunkle

Opinion by

Me. Justice Kephaet,

Appellee owned a building which appellant’s vendor wished to have remodeled into a manufacturing plant. This would require extensive repairs which appellee was unwilling to undertake, unless the cost of the improvement was guaranteed to him in some way. No lease *192had been executed between the parties, and, to indemnify appellee, appellant’s vendor, Bosetti, turned over, as security, the machinery and property to be placed in the building for the cost of remodeling it. The pledge was to continue pending the actual execution of the lease and occupancy of the…