Cockrell v. Williams

193 S.W. 869, 195 Mo. App. 400, 1917 Mo. App. LEXIS 58
CourtMissouri Court of Appeals
DecidedFebruary 12, 1917
StatusPublished
Cited by3 cases

This text of 193 S.W. 869 (Cockrell v. Williams) is published on Counsel Stack Legal Research, covering Missouri Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cockrell v. Williams, 193 S.W. 869, 195 Mo. App. 400, 1917 Mo. App. LEXIS 58 (Mo. Ct. App. 1917).

Opinion

BLAND, J.

In order to get at the matter in controversy in this appeal it is necessary first to set out the petition in the case, which, omitting caption, reads as follows:

“Plaintiff sued defendants and states that on all the dates hereinafter set forth, the defendant, Kansas City Terra Cotta Co., was and is a corporation, organized and existing according to law, and engaged in Kansas City, Missouri, in the manufacture of terra cotta; that A. F. Brooker was* president of said corporation, and that A. F. Brooker and C. M. Williams were stockholders and financially interested in the same.

That on or about the third day of July, 1911, plaintiff at the special instance and request of said Kansas City Terra Cotta Co., acting through said Brooker in his capacity as president, and at the special instance and request of said Brooker and Williams in their individual capacity, did pay and deliver to said Kansas City Terra Cotta Co., the sum of one thousand dollars ($1000), and in consideration thereof said corporation, by and through said Brooker, did promise and agree to repay the same to plaintiff upon his requirement and demand, at' the end of six (6) months from said date.

That at said date said Kansas City Terra Cotta Co., said A. F. Brooker and said C. M. Williams did execute and deliver to said plaintiff the following instrument in writing: •

“Kansas City, Mo., July 3,1911.

Received of JAMES F. COCKRELL, one thousand ($1000) dollars in payment for Certificate No. 82, for ten shares of the stock of the Kansas City Terra Cottá Company, upon the express condition that if at the end of the six months from the date hereof, said James F. Cockrell shall require the refund of said one thousand ($1000) dollars, upon his surrender of said certificate for [402]*402said stock, the above Company shall forthwith refund said one thousand ($1000) dollars upon the surrender of said certificate as aforesaid, • and do hereby guarantee him (6 per cent on his one thousand dollars for the said six months.

The Kansas City Terra Cotta Co.,

By A. P. Brooker, President.

A. F. Brooker,

C. M. Williams, Agt.”

That at the end of six (6) months from aforesaid date, plaintiff did require and demand of • defendant, Kansas City Terra Cotta Company, the refund of said one thousand dollars ($1000), and did upon his part comply with all the terms and conditions of said writing, but that said Kansas City Terra Cotta Company did refuse and does still refuse to refund to him said sum of one thousand dollars ($1000).-

That by virtue of the execution of aforesaid agreement in writing, and the failure and refusal of said Kansas City Terra Cotta Company to refund to plaintiff said one thousand dollars ($1000) said Kansas City Terra Cotta Company, A. F. Brooker and C. M. Williams the defendants herein became indebted to this plaintiff in aforesaid sum of one thousand dollars ($1000), and at this time are still indebted to plaintiff in said sum.

WHEREFORE, plaintiff asks judgment against' defendants in the sum of one thousand dollars ($1000), with interest thereon at six per cent (6 per cent) since January 3,1912, and for costs.

Battle McCardle,

Attorney for Plaintiff.”

Afterwards the cause coming on for trial, plaintiff dismissed as to the defendant Kansas City Terra Cotta Co., obtained a default judgment against defendant Brooker, and amended his petition by inserting the follow^ ing:

“That at said date and in signing said writing said Williams was acting in his capacity as an individual, and not as an agent of said corporation, and at such time was [403]*403not agent for said corporation and had no authority to act as such agent.”

This case was formerly here on appeal (Cockrell v. Williams, 191 Mo. App. 246), at which time it was held by this court that the abbreviation “Agt.” after the name C. M. Williams, signed to the agreement, might by evidence be explained so as to show that C. M. Wil.liams signed in his individual capacity and not as agent for the Kansas City Terra Cotta Co., if such were the facts.

The petition states that the Kansas City Terra Cotta Co., Brooker and Williams executed and delivered a contract to plaintiff, which contract recites that plaintiff had purchased ten shares of stock in the company and had paid therefor one thousand ($1000) dollars, and as consideration for said purchase that plaintiff should have refunded to him by the company said sum of one thousand ($1000) dollars with six per cent (6) interest at the end of six months,' if he did not want to keep th^ stock and would surrender it to the company; at the end of said six (6) months plaintiff elected not to keep the stock but to demand the refund of the said one thousand ($1000) and interest; that the company refused to refund to plaintiff his money and that by reason of such refusal the Kansas City Terra Cotta Co., A. F. Brooker and C. M. Williams became indebted to plaintiff in the sum of one thousand ($1000) dollars and said interest.

From the allegations of the petition it is plain that the petition charges Brooker and Williams were sureties or guarantors on the said contract signed by the Kansas City Terra Cotta Company. [Bank v. Bank, 244 Mo. 554; 20 Cyc. 1397; 32 Cyc. 14.]

Plaintiff testified that Williams was a stockholder in the Terra Cotta Company and Brooker was secretary; that prior to the transaction in controversy Williams on several occasions tried to persuade plaintiff to buy stock in the Kansas City Terra Cotta Co., but that plaintiff always refused to buy such stock, and that finally Williams persuaded him to go and view the plant of the Kansas Citv Terra Cotta Co. in the East Bottoms, in Kansas [404]*404City, Missouri, with a view of having plaintiff buy some of its stock; that plaintiff viewed the plant and that it made a very poor impression upon him, and that he absolutely refused to buy any stock in the company. He said that sometime thereafter the defendant came to him and said: “I want to borrow one thousand dollars ($1000) for the company as they are short on the payroll, and I want to borrow the thousand dollars to get the money to meet the payroll of the company.” “I told him that I did not want any stock in the company and would not have anything to do with it, but he said he wanted to borrow it himself and said; ‘I will give you my personal note.’ ”

He further testified that Williams told him that he would not only give him his personal note for the one thousand dollars ($1000) but that he would secure such such note by an individual note of Brooker’s and put up ten shares of stock in the Kansas City Terra Cotta Co. as additional security. The witness told defendant that he had the money and would accommodate him, but that he would loan it to him; that he did not care anything about the stock and that he did not want it; the witness said that he had previously loaned money to Williams and he thought that Williams was good, and that he did not value the stock at anything; that he loaned defendant, and the defendant alone, the one thousand ($1000) dollars and gave him a .check for that amount, payable to C.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Robinson Steel Construction Co. v. White
305 S.W.2d 58 (Missouri Court of Appeals, 1957)
Deisel-Wemmer-Gilbert Corp. v. David Chalmers Tobacco Co.
104 S.W.2d 1029 (Missouri Court of Appeals, 1937)
Walton v. Carlisle
281 S.W. 402 (Supreme Court of Missouri, 1926)

Cite This Page — Counsel Stack

Bluebook (online)
193 S.W. 869, 195 Mo. App. 400, 1917 Mo. App. LEXIS 58, Counsel Stack Legal Research, https://law.counselstack.com/opinion/cockrell-v-williams-moctapp-1917.