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72 Misc. 404

Heimowitz v. Berg

Appellate Terms of the Supreme Court of New York · decided 1911-06-15

Appeal by the plaintiff from a judgment dismissing the complaint, rendered in the Municipal Court of the city of Hew York, borough of Manhattan, second district, at the close of plaintiff’s case.

Relies on Markham v. . Jaudon

Decided 1911-06-15

Guy, J.

¶1Action for conversion of certain stocks pledged with plaintiff’s assignor as security for a loan. Defendant Cukor borrowed the stock from the pledgee for the purpose • of voting thereon, agreeing in writing to return it in a week.

¶2Cukor, instead of keeping his agreement, turned the stock over to Berg, who refused to return the stock, claiming (but not' proving) that Cukor owed some money to a corporation of which he was an officer.

¶3Defendants offered no evidence, and the trial judge dismissed the complaint.

¶4The delivery to Cukor was for a special purpose, and it did not defeat the pledgee’s lien thereon. Markham v. Jaudon, 41 N. Y. 236, 241; Fairbanks v. Sargent, 117 id. 334.

¶5Berg, on the proofs, had no more right to retain the stock *405without the plaintiff’s consent than he would have had to take it forcibly.

¶6Judgment reversed and new trial ordered, with costs to appellant to abide the event.

¶7Seabury and Bijur, JJ., concur.

¶8Judgment reversed.

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