Ohio Court of Appeals February 26, 1936, No 1369 (Squire v. Hoffman)

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United States · · · 26-02-1936

*597OPINION

By BODEY, J.

The evidence shows that this was simply an ordinary deposit of money secured by collateral. In other words, it was a pledge. There was no specific contract of bailment. It was' the right of a holder of this collateral, after the maturity of the debt which it secured, to sell the same after giving notice to the defendant. 32 O. Jur. p. 44, §34.

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