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THE MUSIC TRADE REVIEW.
RECENT LEGAL
DECISIONS.
[PREPARED FOR THE MUSIC TRADE REVIEW.]
Pi.K.nc.K—THK C O N T R A C T — C O N S T R U C T I O N
— AUTHORITY
PLKDCJKK—GOOD
TO
S E L L — P U R C H A S E BY
FAITH—-VALIDITY.— 1.
A
maker of a note pledged certain shares of
stock and a life insurance policy, and
agreed to maintain on demand 10 per cent,
margin collateral security, "and on the non-
performance of this promise, or any part of
it, I authorize S., agent, to sell the col-
lateral," etc. Held, that the authority to
sell related to the failure to pay the note as
well as the failure to maintain such margin,
and that a sale for non-payment was not a
conversion of the collaterals.
2. The payee sent the pledged stock to
brokers to be sold, with instructions not to
sell for less than $7.50 per share—about the
amount due on the note. No bids were
made, and it was bought in for the payee at
$1 per share. The maker of the note was
insolvent, and the stock had no market
value. Though the contract authorized a
sale without notice to the pledgor, he was
notified of the sale. Held, that it did not
appear that there was bad faith on the part
of the payee, whereby the stock sold for
less than its market value.
3. Where a pledgee is an agent or trustee,
and is authorized by the pledgor to pur-
chase the pledge in his own right in case of
sale, a purchase by the pledgee in his own
right is valid as between him and the
pledgor.
appointed receiver cannot enter an appeal
in the action in his own name, as receiver,
without first having himself made a party
thereto, inasmuch as no one has a right to
appeal, except parties to the case in which
the appeal is entered. The court erred in
not dismissing the appeal. Code § 3615.
Let the appeal be dismissed.
Dupree vs. Drake, Supreme Court of
Georgia.
SCIRK FACIAS—DKFKNSK AS TO USE PLAIN-
All That is Great and Perfect.
R
OYALTY does not always apply to
kings or queens. It exists in inani-
mate objects as well, but it has never been
so marked as in the manufacture of the
modern piano. Royalty in pianos means
the famous Chickering, says a Burlington
paper. All great and eminent musicians
worship its beautiful tones. It is to the
piano world what the king is to the mon-
archy. Grand, supreme and towering over
all, it is the ideal of all that is great and
perfect. Ask any great musician of Amer-
ica what is the grandest piano, and there is
but one response—the Chickering.
TIFF.—In scire facias to revive a 20-year
old default judgment on a note, defendant,
admitting that he had no defense against
the original plaintiffs, cannot allege,
against one to whose use the judgment has
been recently marked, a defense as to him,
growing out of the fraudulent negotiation
BI.ASIUS & SONS, Philadelphia, report an
of the note before suit was begun on it.
excellent trade in their small goods depart-
Supplee et al. vs. Halfmann, Supreme ment. The Blasius piano is also much in
demand just now.
Court of Pennsvlvania.
REMOVAL
ALL MAIL MATTER FOR
P^IIJGE $ SOI} W. GLAFLII] PIAIJ0S
Should be Addressed to Our New Factory
156 and 158 East 105th St.
NEW YORK
SEND FOR CATALOGUE AND PRICK LIST.
Manning vs. Shriver, Court of Appeals
of Maryland.
.
"
t
'
'
'
RKCKIVKRS—RIUHT OF APPEAL.—A
•
re-
ceiver appointed pending an action by or
against the party for whose effects he was
PIANO-FORTE MOULDINGS,
IANO
BILLIONS
FRENCH FELTS
COOPER. HEWITT&CO N
.Plain, OstrvecL and Fancy
•
A LARGE ASSORTMENT OK
•
. PATTERNS.
EHRHARD * HACEN,
Manufacturers.
ESTABLISHED 1854.
FAOTOEY ADDRESS,
Nos. 245 & 247 West 28th St.,
NEW YORK.
Soavorns Piano Action Co.,™
MANUFACTURERS OF
Nos. 113-125 BROADWAY,
KBTABLISHED 1851.
MERRILL PIANOS
CAMBRIOOEPOKT, MASS.
118 BOYLSTON ST.