Beesley v. Boardman
Beesley v. Boardman
Opinion of the Court
The plaintiff, in substance, alleges in his complaint that in May, 1914, at his request, the defendant loaned the plaintiff the sum of $100; that the plaintiff at that time deposited with the defendant as security for said loan 50,000 shares of the capital stock of a certain mining corporation, which stock was to be returned to the plaintiff upon the payment of said loan with legal interest; that prior to the commencement of this action the plaintiff duly tendered to the defendant the amount of said loan, together with legal interest thereon in lawful money, and demanded from the defendant the return of said 50,000 shares of stock; that' said defendant refused to accept the amount of said loan with legal interest, and refuses, and still refuses, to return said stock to the plaintiff; that said stock is of the reasonable value of $5,000; that plaintiff is ready and willing to repay the amount of said loan with legal interest, and tenders the same to him in court. Plaintiff
The defendant, in effect, denies the allegations of the complaint and, as an affirmative defense, alleges that he, on the 18th day of May, 1914, purchased the stock in question from the plaintiff for the sum of $100; that he had advanced certain amounts of money in paying assessments upon said stock, etc. The defendant also alleges other facts in his answer which are, however, not material here.
A trial to the court without a jury resulted in findings of fact and conclusions of law in favor of the plaintiff. The district court found the facts substantially as they are alleged in the complaint, except that the court found that, in view that the defendant has all of said stock in his possession and can make return thereof to the plaintiff, it is not necessary to find its value, and the value thereof was not found. The court further found that the defendant had paid an assessment on said stock amounting to $51.70. The court entered judgment requiring the plaintiff to pay to the defendant the amount of said loan, with legal interest, and also required him to pay to the defendant the amount advanced on said stock for assessment with legal interest, and, upon such payment being made by plaintiff to the defendant, that the latter return said stock to the plaintiff.
Reference
- Full Case Name
- BEESLEY v. BOARDMAN
- Cited By
- 1 case
- Status
- Published