Stanley v. Nye
Stanley v. Nye
Opinion of the Court
This suit, which was- before us on a different record and reported in 51 Mich. 232, is an action to-recover $2000 which plaintiff testified defendant agreed to pay him in consideration of the conveyance of certain lands in Flint of greater value, which plaintiff claims were turned out to induce defendant to relieve him, from, any further liability and settle up some demands- which, defendant wished, to have paid up, and which plaintiff was unwilling to pay. Upon the former record as the testimony was represented in-the bill of exceptions, we were of opinion that the plaintiff’s showing made out no such transaction. On the new trial he explained his former testimony and made out a full showing,, if believed, which would justify a- verdict in his favor. The-jury acted upon his testimony and gave him, the amount claimed, less a set-off of an amount due defendant on a different transaction. Defendant brings error.
The principal argument was aimed at showing that plaintiff’s testimony showed the dealing to be a security and not a sale. This ground is not tenable. The testimony was properly submitted to the jury on the conflicting evidence,, and there was enough to authorize them in their finding.
The parties had for some time before this arrangement been dealing somewhat heavily in Chicago- speculative transactions involving options and margins, and had balances-
It is a doctrine well settled that such a transfer of land is a legal consideration for such an agreement as plaintiff relies on. And it could make no difference, as the court correctly instructed the jury, whether the matters so adjusted were binding or not binding obligations. If defendant was willing, in consideration of what plaintiff testifies was reckoned as worth $2000, to see that he should be relieved from them, the bargain was one which could lawfully be made, and the jury have found it was made.
It was urged further that defendant was entitled to set' off
Upon the whole record we find nothing to indicate any erroneous rulings. The j'udgment must be affirmed.
Dissenting Opinion
dissenting. When this case was here before it was held that upon the plaintiff’s own showing, the land for the price of which he had sued was deeded by him to the defendant by way of security, and that consequently his action, which assumed that it had been sold to the defendant, had no basis. The case went back for a new trial, and the plaintiff, being then apprised of the defect in his case? has changed his evidence, and by testifying in flat contradiction of himself, has succeeded in obtaining a verdict. So plain a case of bending the facts to the exigencies of the controversy is probably seldom seen.
But I think that his evidence, taken in connection with that of the notary, still shows the case to have been one of security, and that upon all the facts shown by himself there is no room for any other conclusion. I think the plaintiff was entitled to an instruction to that effect. I also think that the legality or illegality of the transactions which led to the giving of the deed was not immaterial as the j’udge in his instructions assumed it was. If the transactions were legal, the parties were jointly liable for considerable debts, which the defendant undertook to pay off for both; and the improbability of his having made such an arrangement as the defendant undertook to set up would have been vastly greater than if no such indebtedness existed. It would not have been surprising if in the minds of the jury the whole
I think the case should go'back for a new trial.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.