Callahan v. Sachs
Callahan v. Sachs
Opinion of the Court
The plaintiff Callahan commenced this action seeking recovery of $3,500 claimed as a balance due upon a loan made by him to the defendant Sachs. Answering the plaintiff’s complaint, the defendant denies having procured or received from the plaintiff the alleged loan or any portion thereof. As an affirmative defense and counterclaim, the defendant alleges that he is the owner of thirteen and one-half shares of the capital stock of the Garrett-Callahan Company, a corporation, of the value of $5,000; that the plaintiff procured and unlawfully withholds the same and has collected certain dividends thereon; and prays for recovery of the thirteen and one-half shares of stock, or, in the alternative, $5,000, the value thereof, and also for the amount of the dividends collected thereon by the plaintiff. These allegations of the defendant’s affirmative answer and counterclaim are denied by the plaintiff’s reply. The cause proceeded to
As to the alleged loan upon which appellant sought recovery, the trial court found in substance that it was not made by appellant to respondent, but was made by appellant to another person, for which respondent was in no way responsible.
As to the alleged ownership and unlawful withholding of the possession of the shares of stock by appellant from respondent, the trial court found in substance that the thirteen and one-half shares of stock were at all times in question the property of respondent; that they were included in a certificate for 133 shares of the stock issued in the name of appellant, which certificate was indorsed by him. and placed in possession of respondent, leaving the separation of their respective shares to be made by the issuance of new certificates in the future; and that appellant had collected dividends thereon. The real controversy upon this branch of the case was as to whether or not thirteen and one-half of the shares represented by this certificate were in fact the property of respondent; the certificate for the 133 shares being delivered to appellant by respondent for the purpose of having new certificates issued and, as claimed by respondent, having a certificate for thirteen and one-half shares issued
The judgment is affirmed.
Mitchell, Tolman, Main, and Mount, JJ., concur.
Reference
- Full Case Name
- John Callahan v. Morris B. Sachs
- Status
- Published
- Syllabus
- Appeal (418)—Review—Findings. The findings and conclusions of a trial court will not he disturbed on appeal where the evidence preponderates in their favor and the trial judge had opportunity to weigh the testimony and measure the credibility of the witnesses.