Adams v. Pletsch
This text of 181 P. 391 (Adams v. Pletsch) is published on Counsel Stack Legal Research, covering California Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
Plaintiff appeals from a judgment entered in favor of defendants, who were promoters of a corporation designated as the Continental Mausoleum Company and who, as agents for the sale of the capital stock of the corporation, were to receive a commission of twenty per cent upon sales made by them. In furtherance of the business for which it was created, the corporation had made a contract whereby it agreed to purchase from William N. Holway the rights' to a certain United States patent for the sum of sixty-five thousand dollars. It appears that defendant Pletsch had a contract with Holway for the collection of this money. The defendants, thus representing both Holway and the corporation, agreed to pay plaintiff ten per cent commission on all stock which he might buy, and a like sum on all sales of stock in the negotiation of which he assisted, and further agreed that he should be paid ten per cent commission on all sums of money collected by Pletsch on the Holway contract. One count of the complaint alleged that, pursuant to this agreement, plaintiff bought stock of the corporation of the value of three thousand five hundred dollars, upon which he was entitled to a commission of seven hundred dollars, and that collections of seven thousand dollars were made upon the Holway contract, upon which he was entitled to a like sum of seven hundred dollars, for the total of which judgment was asked.
The court, in effect, found that as to the stock bought by plaintiff, thirty thousand shares thereof, valued at three thousand dollars, was not subject to the agreement because the same was made after the purchase; that as to the other five hundred dollars worth of stock purchased by plaintiff, he received payment of his commission thereon, which fact *643 plaintiff in Ms testimony admitted to be true. It was further, in effect, found that no collections upon which plaintiff was entitled to commissions had been made on the Holway contract.
Appellant’s attack upon the finding to the effect that defendants promised to pay him the sum of ten per cent on all sums of money in cash collected from the Mausoleum Company by Holway is based upon the claim that there was transferred to Holway by the company certain contracts and property of the value of seven thousand dollars. The agreement, however, as shown by the testimony of defendants, was that the ten per cent commission was to be paid only upon sums of money which Holway received, and not upon property which he might agree to accept in lieu of cash. It further shows that defendants consulted plaintiff with reference to the company transferring this property to Holway, at which time he was told that if Holway accepted the property for the agreed sum of seven thousand dollars, no commission would be allowed thereon, to all of which plaintiff himself admits that he agreed. Moreover, since Holway testified that upon said contract the company “never paid any money, property, or consideration whatever,” it appears that such transfer was never consummated.
Judgment affirmed.
■Conrey, P. J., and James, J., concurred.
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Cite This Page — Counsel Stack
181 P. 391, 40 Cal. App. 641, 1919 Cal. App. LEXIS 129, Counsel Stack Legal Research, https://law.counselstack.com/opinion/adams-v-pletsch-calctapp-1919.