Schmitt v. Jackson County Creamery
Schmitt v. Jackson County Creamery
Opinion of the Court
This is a suit involving an accounting in connection with a block of stock in the
The settlement of the issues on appeal required the examination of the testimony taken before the trial court, but as no report of the testimony has been forwarded to this court, notwithstanding requests for the same from our clerk, there are no data by which we can formulate a decision of the questions involved. For want of these, the suit is dismissed as for want of prosecution, neither party to recover costs or disbursements in this suit.
Dismissed.
Opinion on the Merits
On the Merits.
(224 Pac. 278.)
This suit was instituted for the purpose of specifically enforcing a contract for the sale by the plaintiff of 100 shares of the capital stock of the defendant corporation, and the purchase of the same by the defendant Kroschel. The contract is set out in full in the complaint. The defendant in his answer set up a prior contract and alleges that the contract set out in plaintiff’s complaint was based upon the prior contract between the parties; that the contract set out in the complaint does not correctly state the actual agreement between the parties, prays for a reformation of the contract set out in the plaintiff’s complaint, and a decree in accordance with the contract as reformed.
The plaintiff claims, under the contract, the sum of $1,500 in accordance with the terms of the contract set out in his complaint, and the defendants concede that the plaintiff is entitled to a judgment for $375. The suit was heard upon the testimony. The court made its findings and conclusions in favor of the plaintiff and rendered a decree specifically enforcing the contract as prayed for in plaintiff’s complaint and rendered judgment in favor of the plaintiff for the sum of $1,500. From this decree and judgment the defendants appeal.
The contract for the sale of said stock provided that the plaintiff should receive the profits earned by said capital stock from the time it was issued until the consummation of the sale. These provisions in the contract, however, were waived by the plaintiff in the Circuit Court. Affirmed.
This appeal presents no controverted question of law. The plaintiff Kroschel bases his contentions upon the well-established principle that in dealings between a principal and his agent, where confidence and trust is reposed in the agent, the latter must disclose to the principal all facts not within the possession of the principal. The plaintiff did not question the principle of law upon which the defendant seeks to reform the contract. The plaintiff was the bookkeeper for the defendants. Prior to December 1, 1918, the plaintiff kept the books for the defendant Kroschel and from that
The decree is affirmed. Affirmed.
Case-law data current through December 31, 2025. Source: CourtListener bulk data.