Rock v. Gustaveson Oil Co.
Rock v. Gustaveson Oil Co.
070rehearing
On Application for Rehearing.
In a petition for rehearing appellant insists that we have in effect held that damages may be recovered without proof showing any damages sustained. It seems to be appellant’s contention that the court has indulged in a discussion of the measure of damages, and determined this case on that issue without any reference to whether respond
The legal principles or rules of law stated in the former opinion in this case become the law of the case, and binding upon the trial court and on this court in the further consideration of this action. In the former opinion 59 Utah, 456, (204 Pac. at page 98) the court, in referring to the damages that plaintiff was entitled to recover, and after giving the market value at the time defendant contracted to deliver the stock and the market value at the time it was delivered, and that the difference in the market value on those dates constituted the damage sustained, said:
“We know of no other standard of measurement hy which the amount of loss sustained by the plaintiff, under the circumstances, could * * * in justice and fairness be ascertained.”
Complaint is also made that the court failed to consider certain other assignments relating to the exclusion of testi-money. These assignments were not overlooked. As stated in the opinion, if any error was committed, it was not prejudicial, and we did not then, nor do we now, consider that these assignments merit further discussion.
Rehearing denied.
Opinion of the Court
In this action damages are sought by reason of the alleged failure of the defendant company, appellant here, to deliver certain of its capital stock purchased by plaintiff, respondent here, at the time stipulated in the contract of purchase. The
“That on or about August 4, 1919, the plaintiff purchased from the defendant 50,000 shares of capital stock of the defendant corporation. That the defendant promised to deliver the certificates of stock to said 50,000 shares to plaintiff within a reasonable length of time. That one day was a reasonable length of time, and delivery should have been made on August 5, 1919. The plaintiff demanded said certificates of stock, hut the defendant failed and refused to deliver the same until the 21st day of August, 1919. That the market value of the said stock on the 5th day of August, 1919, was 3 cents per share. That the market value of said stock on the 21st day of August, 1919, was iy¿ cents per share. That at the time the stock was purchased the plaintiff informed the defendant that the stock was being purchased for resale.”
In tbe former opinion of this court it is said:
"Again, the defendant having been fully advised by the plaintiff at the time of the purchase of the stock that it was being purchased for resale, it must be held that the parties legally contemplated that upon failure to deliver the stock the measure of plaintiff’s damages would be the difference between the market price when plaintiff was entitled to a delivery and the market price when the delivery was actually made.”
The findings of the court are challenged, but an examination of the evidence conclusively establishes the fact that there is some substantial proof in the record to support them. This being a law action, those findings become binding upon this court. It is wholly immaterial whether
On the findings made the court entered judgment for the respondent. To reverse that judgment is the object of this appeal. The measure of damages sustained by a failure to deliver corporate stock at the time it should
It is insisted by counsel for appellant that the respondent
There are other assignments relating to the admissibility of evidence, but whatever error, if any, may have been made in that regard was not prejudicial, and could not result in a reversal of the judgment.
Respondent has filed what is designated “Additions to Abstract of Record.” The contents of that document were wholly unnecessary to the presentation of the issues raised by appellant.
Finding no reversible error in the record, the judgment. of the district court is affirmed, with costs of this appeal, except the cost of printing the additional abstract.
Reference
- Full Case Name
- ROCK v. GUSTAVESON OIL CO.
- Status
- Published