26 Mo. App. 460 | Mo. Ct. App. | 1887
This canse went off on a demurrer to the testimony. Plaintiff appeals.
The action is for the conversion of money and property, which the evidence discloses was placed in defendant’s hands as a pledge for the security of a debt due to defendant, which was not paid.
The contract and consideration therefor, as stated in the petition, as presented in the abstract, was, that, by agreement between plaintiff and defendant, the latter took one Kunkle’s note, due one day after date, for the balance which plaintiff owed him, and Kunkle gave defendant a chattel mortgage on furniture, etc., to secure the note; that in and by said agreement the plaintiff was to, and did, deposit with one Banty, as a pledge that said Kunkle’s note would be paid, certain property, which, by the agreement, was only to be used, or applied, to the payment of the note after defendant had enforced his mortgage against the furniture.
The evidence showed that “defendant agreed to, and did, take Kunkle’s note; secured by a chattel mortgage on the furniture sold him, for the amount of the balance due on my note to him, payable one day after date. In the sale to Kunkle, I reserved, with defendant ’ s consent, the furniture of two rooms of the hotel. After defendant took note from Kunkel, I commenced moving my furniture from the hotel. Defendant objected to my doing so, but, at last, agreed that I might remove it, if I would leave in the hands of one Banty, Ms agent, one hundred dollars in money, and one wagon, and one set of double harness, as collateral security for the payment of Kunkle’s note. Defendant agreed that, if I would do so, he would first make his debt out of the property on which he held a chattel
The judgment is affirmed.
