Copley v. Doran & Wright Co.
Opinion of the Court
Plaintiff’s complaint contains but one cause of action. Its parts are not separately numbered, nor independently classified. The early part of the complaint contains historical statements of the transactions had between the plaintiff and his assignor and the defendants, and to some extent spreads out somewhat artificially evidence of facts, while the early portions of the complaint are somewhat inartifieially drawn, and the exact meaning of them somewhat obscure. It is not the office of a demurrer to reach such imperfections in pleadings. The allegations evince an intent of the pleader to state the formal arrangements made between the parties, and the mode and form of the contracts entered into by them, coupled with the cautious understanding on the part of the pleader that the forms adopted by the parties were
Taking the whole complaint together, we are of the opinion that it contained a cause of action for moneys advanced by the plaintiff and his assignor to the defendants upon an agreement well understood by the parties that it was not to be specifically performed by an actual delivery of the wheat, but that, at the election of the parties, whether closed by the direction of the plaintiff and his assignor, or by the action of the defendants by reason of the depression in price below the amount of margin furnished, that the differences should be settled for and paid by either party to the other, as the contingencies arising in the market should require. Therefore the contract was illegal and void under the statute. Cassard v. Hinmann, 14 How. Pr. 84. We think the pleader had sufficiently averred that there was no intent on either side that there should be an actual delivery of the property referred to in the orders mentioned in the complaint, or in the transactions described in the complaint, and that facts sufficient to bring the case within authorities which condemn such transactions are sufficiently stated. It is said in Bigelow v. Benedict, 70 N. Y 206, viz.: “Contracts of this kind may be mere disguises for gambling, and where an optional contract for the sale of property is made, and there is no intention on the one side to sell or deliver the property, or on the other side to buy or take it, but merely that the difference should be paid according to the fluctuation in market values, the contract would be a wager within the statute.” Under the averments the plaintiff would be permitted to prove that at the time of giving the orders referred to in the complaint, and the delivery of the money thereunder, it was tile intention of the parties that no actual delivery of the property referred to in the order should be made, but that adjustment should be had by merely paying the differences “ according to the rise and fall of the market. ” " The transaction was therefore void. Yerkes v. Salomon, 11 Hun, 471; Irwin v. Williar, 110 U. S. 499, 4 Sup. Ct. Rep. 160; Kingsbury v. Kirwan, 77 N. Y. 612; Everingham v. Meighan, 55 Wis. 354, 13 N. W. Rep. 269; Flagg v. Baldwin, 38 N. J. Eq. 221; Peck v. Doran, 46 Hun, 454. We are of the opinion that the complaint contains facts sufficient to constitute a cause of action, and that the demurrer
Pollett and Martin, JJ., concur.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.