Carey v. Becker
Carey v. Becker
Opinion of the Court
This action is brought to recover the sum of $2,000, which it is alleged is the proceeds of a check and promissory note which were deposited in the defendant bank in escrow' to be paid to defendant Becker on the signing of a contract of sale of land- by the owner of the land. It is alleged that the contract was never signed by the owner, and that defendants wrongfully converted the money to their own use. Defendants plead that the contract was signed and deposited as agreed upon by the parties, that the payment was
The evidence on behalf of plaintiffs is to the effect that, induced by one Mrs. Norton, who resided in Iowa, but who was interested in a ranch in Holt county, and also dealt in real estate, the plaintiffs, who resided at Anita, Iowa, came to Holt county. They met defendant Becker, who told them that he was the agent for the owner of a tract of 160 acres of land, that he thought he could sell it for $62 an acre, but would have to communicate with the owner, Mrs. King, who lived at O’Neill, in order to know whether she would accept that price, before he was authorized to sell it. Plaintiffs agreed to buy. A contract was executed describing “Samuel Becker, agent,” as the vendor, and the plaintiffs as vendees. This contract was deposited by mutual consent in escrow in the First National Bank of Atkinson, with instructions that, if the contract were signed by Mrs. King, a check for $1,500, which was also deposited, and a '.ote for $500 dated June 14, 1920, payable 90 days after date, were to be delivered to Becker for the owner. The plaintiffs were to be informed by telegraph when the contract was signed. If Mrs. King did not sign the contract, the money and papers were to be returned to plaintiffs. On the 16th day of June they received the following telegram: “Terms and price of land in contract accepted by owner. Samuel Becker.” On the 18th day of June they received the following: “Mrs. Clyde King signed and deposited with this bank. First National Bank.” After this telegram was received, believing that Mrs. King had signed the contract, plaintiffs instructed their banker at Anita to pay the check. The note was paid on September 20, and the defendant bank paid the proceeds of the check and note to Becker. After-wards, desiring an extension of time for the payment of $2.500, falling due March 1, 1921, plaintiffs called upon Mr. O’Donnell,, a banker in O’Neill, and he made arrangements with Mrs. King that the contract was to be extended one year on the payment of $500. An extension contract and
The evidence for defendants is, in substance, that King had previously told Becker that this land was for sale and if he could find a buyer to let him know. He, Becker, told plaintiffs that he could not sell without the consent of the owner to the price named, but that at that time he could not remember her name; that the name of Mrs. King was not mentioned; that the agreement made was that the money was to be returned to plaintiffs provided he could not get the land for them, and that this was the instruction given the bank when the check and other papers were deposited. He did not have the money to handle the property, so he procured Dr. Waynick to finance the transaction, he buying the land for $320 less than plaintiffs had agreed to pay. Becker did not inform the Kings that he had made a contract to sell the land for $62 an acre. They paid him $200 commission for selling the land to Waynick. He paid Mrs. Norton $50 for putting him in touch with the plaintiffs. Dr. Waynick testifies that when he and Becker drove to O’Neill they went to the courthouse to ascertain the name of the owner of the land. He bought the land at $60 an acre. The contract be
Under the pleadings, the amendments requested by defendant not having been permitted, the other evidence does not bear upon the vital question and will not be set forth.
There is a substantial conflict in the evidence as to the agreement of plaintiffs with Becker and the bank under which the check, promissory note and contract with Becker, agent, were deposited in the bank. The plaintiffs testified the money was not to be turned over, to Becker until Mrs. King had signed the contract. Becker and Swingley testified that her name was not mentioned, but that the check and note were to be delivered as soon as a contract for the sale
We are of the opinion that the district court erred in directing a verdict in behalf of the defendants. The judgment is therefore reversed and the cause remanded for further proceedings.
Revebsed.
Note — See Novation, 29 Cyc. p. 1132.
Reference
- Full Case Name
- John L. Carey v. Samuel Becker
- Cited By
- 1 case
- Status
- Published