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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Francis Co. v. Lincoln Federal Building & Loan Ass'n, 445 S.W.2d 153 (1969)

Citation
Francis Co. v. Lincoln Federal Building & Loan Ass'n, 445 S.W.2d 153 (1969)
Parent Document
Francis Co. v. Lincoln Federal Building & Loan Ass'n, 445 S.W.2d 153 (1969)
Jurisdiction
Kentucky (state)
Effective Date
1969-06-13

Other Sections in This Document (24)

Full Text

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Some days after the sale, Lincoln discovered that Francis had received from Roni Corporation, one of its tenants, $7,500 as a security deposit under Francis’ lease to Roni. Lincoln demanded it be given credit by Francis for the amount of this deposit. Francis declined to allow the credit and instituted this suit to collect the balance of the sale price for the personalty sold to Lincoln. The trial court allowed Lincoln a set-off of $7,500 'against Francis, from which Francis has appealed. The question on this appeal is whether or not Francis should account to Lincoln, by way of credit on Lincoln’s debt to Francis, the amount of this deposit.