Child v. Hugg

California Supreme Court
Child v. Hugg, 41 Cal. 519 (Cal. 1871)
1871 Cal. LEXIS 127
Temple

Child v. Hugg

Opinion of the Court

By the Court, Temple, J.:

This appeal presents only a case of conflicting evidence. The testimony of the plaintiffs is sufficiently positive that the account presented to the defendant was acceded to by him, and the finding of the Court supports that view. It may be admitted that defendant was entitled to notice to make his margin good before the stock which was pledged could be sold; also, that the notice of the time and'place of sale was insufficient. Still, if the evidence of plaintiffs is to be taken as true, defendant did know in advance of the contemplated sale, and of the timé and place, and made no objection, and that after the sale he was presented an account, in which he was credited the amount received at the sale; that, knowing all the facts, he admitted the correctness of the account, and even approved of the sale, and *521repeatedly afterward promised to pay the balance claimed to be due; that he never, on any occasion prior to the bringing of the suit, objected to the correctness of the account, or to the sale, on account of want of notice, or for any other reason. If this testimony be true, it is sufficient to sustain the finding that the sale had been ratified by the defendant, and we do not feel at liberty to disturb the finding of the Court on that point.

For the same reason, it is not necessary to consider the point made that a sale in the Board of Brokers, where the general public are not at liberty to bid, is not a sale at public auction, such as a pledgee of stock is authorized to make upon default being made by the pledgor.

Judgment and order affirmed.

Reference

Full Case Name
EDWIN F. CHILD and CYRUS W. JONES v. HENRY HUGG
Cited By
2 cases
Status
Published
Syllabus
Conflict of Evidence.—If the testimony is conflicting, the judgment will not be disturbed on the ground that it is not warranted by the evidence. Ratification of a Sale made by a Pledgee.—If a sale of mining stock, pledged as security for money, is made without notifying the pledgor to make his margin good, and without sufficient notice of time and place, still, if the pledgor knew of the time and place of sale, and made no objection, and after the sale approved of. it, and promised to pay a balance claimed by the pledgee, he by these acts ratifies the sale. Sale by Pledgee at Auction.—The question whether a sale of mining stock made in the Board of Brokers is not a sale at public auction, such as a pledgee is authorized to make upon default being made by the pledgor, not decided.