Richardson Drug Co. v. Plummer
Richardson Drug Co. v. Plummer
Opinion of the Court
This was an -action in the district court of Lancaster county brought by the defendants in error against the
“This agreement, made and entered into by and between the Richardson Drug Company and the Lincoln Paint & Color Company, of the first part, and Thomas L. Teasdall and Alice M. Teasdall, his wife, of the second part, witnesseth, that said parties of the second part are to forthwith become the agents of the parties of the first part, and ais such «hall at once take possession of all the stock of drugs, chemicals, paints, oils, merchandise, and all fixtures'belonging to .said stock at No. 1843 O street, Lincoln, Nebraska, and shall as such agents «ell such goods at retail in the ordinary course of business and pay to the parties of the first part the sum of $100 in cash for each month for the first two months, and the sum of $150 thereafter till said parties of the second part shall have paid to the said parties of the first part the total sum of two thousand dollars ($2,000) net, the monthly payments to be commenced promptly on March 15, 1892, and to be made on the 15th day of each and every month thereafter till the whole sum of two thousand dollars*525 shall have been paid, and said parties of the second part shall receive no compensation' for their services as such agents save the net profits of said business over and in excess of the said amounts to be paid to said parties of the first part, and .said parties of the second part agree and guaranty that all said profits shall be made, and all payments agreed made, without in any degree depleting said stock of goods. Said $2,000 shall be applied as follows: Sixteen hundred dollars ($1600) to the Richardson Drug Company and four hundred dollars ($400) to the Lincoln Paint & Color Company, and said monthly payments shall be made to the Richardson Drug Company and by them divided as follows: 80 per cent to be retained by said Richardson Drug Company, and 20 ppr cent to be turned over as paid to the Lincoln Paint & Color Company, and when the total amount of the said $2,000 shall be paid, said parties of the first part shall transfer to said parties of the second part all their right, title, and interest in and to said stock of drugs and fixtures, but until said sum of $2,000 shall have been fully paid, the title to all said property shall be and remain in .said parties of the first part. When said amount of $2,000 shall have been fully paid, said parties of the first part shall release and deliver to said parties of the second part all claims and evidences of indebtedness which they now hold against them.
“Witness our hands at Lincoln, Nebraska, this 27th day of January, 1892.
“Alice M. Tea spall.
“Thomas L. Teasdall.
“Richardson Drug Company,
“Amos Field, Treasurer.
“Lincoln Paint & Color Co.,
“M. Weil, Treasurer
The answer, after denying generally the allegations of the petition not expressly admitted, proceeds as follows: “The defendants allege the truth to be that they were the OAvners of, and in possession of, a stock of drugs, and were
The Richardson Drug Company and the Lincoln Paint & Color Company, by this proceeding in error, challenge the correctness of the judgment against them. The judgment is manifestly erroneous and must be reversed. The contract was clearly one of conditional .sale. It did not contemplate that, the Teasdalls should possess an agency to purchase goods .and pledge the credit of the plaintiffs in error for their payment. To hold that it did would practically nullify the stipulation against depleting the stock. S-uch a construction would ignore the evident intention of the parties. It would be a palpable absurdity to .suppose they intended that the security of thé vendors should be kept good by merchandise purchased on their credit and charged to their account. Whether the plaintiffs in error are liable by reason of having clothed the
Reversed and remanded.
Reference
- Full Case Name
- Richardson Drug Company v. Eli Plummer
- Cited By
- 1 case
- Status
- Published