Ferguson v. Rubin

JOHNSON, Justice.

Plaintiff instituted an action in replevin against defendant, a licensed pawnbroker doing business as the Jewel Box Loan Company, to recover a diamond ring of the admitted value of $500. The pawnbroker denied that plaintiff had pawned or pledged the diamond ring to him for a thirty-day $200 loan, and maintained that the ring was purchased from the plaintiff for the sum of $200, with a further agreement that the pawnbroker would retain the ring and not resell it for a period of thirty days, during which time plaintiff could repurchase the ring for $250. The pawnbroker admitted…