Bernstein v. Bord

132 S.E. 698, 146 Va. 670, 1926 Va. LEXIS 356
Court of Appeals of Virginia·Decided April 29, 1926·Published·Cited by 16 cases

Opinion

Chinn, J.,

delivered the opinion of the court.

On September 28,1922, Louis Berstein loaned Samuel Bord $3,270.00, for which Bord executed his three several bonds for the sum of $1,090.00 each, bearing-interest from date, and payable one, two and three years after date, respectively. The bonds were secured, by a deed of trust on certain real estate belonging to the obligor located in' the town of Cape Charles, Virginia. Bord defaulted in the payment of the first bond to fall. [673] due, and the property was sold at public auction, in accordance with the terms of the. deed of trust, on November 17, 1923. At this sale Bernstein, being the only bidder, became the purchaser of the property at the price of $2,500.00, and it was conveyed to him by the trustee accordingly. Bernstein then instituted this action by notice of motion to recover of Bord the balance due on the debt evidenced by said bonds, amounting, after deducting the net proceeds of said sale, to $1,273.09. Bord filed an affidavit denying that he owed the plaintiff any part of the debt claimed in the notice, and a jury was impaneled to try the issue, who, after hearing the evidence, returned a verdict in favor of the defendant. The plaintiff thereupon moved the court to set aside the verdict on the ground that the same was contrary to the law and the evidence, but the court overruled the motion and entered judgment for the defendant, which action on the part of the court is assigned as error.

It clearly appears from the evidence and the whole record that the only question presented for the determination of the jury was, whether or not the plaintiff and defendant had a valid parol understanding or agreement, before the bond referred to became due, to the effect that the property should be sold under said deed of trust and if it did not bring a sufficient amount at the public sale to discharge the debt, Bernstein should buy it in and release Bord from any deficiency on account of said debt.

The evidence in reference to this question is confined entirely to the testimony given by the parties themselves, and is for the most part in conflict, but all such, matters having been resolved by the jury in defendant’s favor, we are bound by their conclusions and must accept Bord’s statement in regard to the transaction as [674] true. This statement as given on his examination in chief is as follows:

“By Mr. Koteen:

“Q. Go ahead.

“A. About ten days before this first note came due, I received a regular bank notice from the Bank of Commerce that a note for $1,090.00 would be due on September 28th, and I knew, of course, that was the note that Mr. Bernstein held against me on the Cape Charles property. I wrote Mr. Bernstein a letter, telling him that I would be over on a certain day, knowing that he is sometimes cut of town, having some farm interests and other interests out of town, that sometimes he is not there when I got there, so I wrote him a letter. It happened that day I could not get there. It was on a Thursday, I think. I am positive it was on a Thursday, so I would send him a telegram, telling him I would be there Sunday positively. I arrived there Sunday and went to Mr. Bernstein’s home and had a conversation with him, telling him I would like to have a six months’ extension on that first mortgage. He said: ‘Mr. Bord, I am in very bad need of money. I owe the bank over here some money and owe the National Bank of Commerce some money in Norfolk, and I would appreciate it if you could do something for me.’ I said: ‘Mr. Bernstein, we have had a mighty bad season last season which you know, and things are not very extra.’

“By the court:

“Q. Don’t go into that detail.

“A. So I told him, so he said he would come to Norfolk. He was coming to Norfolk that day and he would see me in Norfolk; so coming over on the boat we got in conversation and he said: ‘Well, Mr. Bord, you don’t run that store any more in Cape Charles and this prop[675] erty here wouldn’t be much to you. Suppose we go ahead and put up that piece of property at auction.’ He said: ‘I think that piece of property will bring around $4,000 today. You paid $5,000 for it and it rents for $50.00 a month. That will relieve you. You have received some rent for it, so you won’t lose very much and you won’t have the trouble of coming over here and collecting rent and looking after property and this and that and it would be off your mind. ’ I said: ‘Mr. Bernstein, suppose that does not bring enough money to cover the $3,000 which you loaned me.’ He said: ‘We will call the thing square. I will buy it in and we will call it square.’ ”

It is contended by plaintiff in error that the conversation above detailed does not constitute a contract, because Bord “does not pretend that he ever accepted this proposition, consented thereto, or did or omitted anything on the faith thereof.”

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Bernstein v. Bord, 132 S.E. 698, 146 Va. 670, 1926 Va. LEXIS 356 (Va. Ct. App. 1926).

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