Perry v. Manufacturers National Bank

This is an action for the conversion of shares of stock. The answer alleges, among other things, that the stock in question was pledged as collateral for the plaintiff’s debt; that, the debt being unpaid, the defendant rightfully sold the collateral and applied the proceeds to the payment thereof; and that the proceeds did not equal the amount of the debt. The case was referred to an auditor whose report, together with other evidence, was introduced at the later trial before a jury. The trial judge denied the plaintiff’s motion for a directed verdict in a specified amount, and the plaintiff…