Fisk v. French

46 P. 161, 114 Cal. 400, 1896 Cal. LEXIS 912
CourtCalifornia Supreme Court
DecidedSeptember 28, 1896
DocketNo. 15811
StatusPublished
Cited by13 cases

This text of 46 P. 161 (Fisk v. French) is published on Counsel Stack Legal Research, covering California Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Fisk v. French, 46 P. 161, 114 Cal. 400, 1896 Cal. LEXIS 912 (Cal. 1896).

Opinion

Vanclief, J.

Appeal from an order discharging an attachment in an action on four promissory notes—the [401]*401first for $30, dated December 5, 1891; the second for $40, dated March 25, 1892; the third for $100, dated April 12, 1892; and the fourth for $238.58, dated November 17, 1892—the first and last two drawing compound interest at the rate of three per cent per month and the second like interest at rate of two and a half per cent per month. Neither the substance nor legal effect of any one of the notes was stated in the body of the complaint, but a copy of each note was attached to the complaint and therein referred to as an exhibit. Immediately under the note of November 18, 1892, for $238.58, was written an assignment by defendant to plaintiff of one hundred shares of “ Belcher Mining Stock// “ as collateral security for the payment” of the last-mentioned note, and an authorization of plaintiff to sell the stock at public or private sale, with or without notice, in case of default in payment of principal or interest of that note, and to apply the net proceeds of the sale to the payment of the last-mentioned note, and the surplus, if any, to the payment of any other obligations of defendant to plaintiff which might be held by the latter at the time of such sale.

The following is a copy of the affidavit for attachment:

“Asa Fisk, being duly sworn, says: That he is the plaintiff in the above-entitled, action; that the defendant, J. B. French, in the said action is indebted to the plaintiff in the sum of three hundred and seventy-six and Tso%- dollars, gold coin of the United States, over and above all legal setoffs and counterclaims, upon an express contracts, for the direct payment of money, to wit, four promissory notes, and that such, contracts were made and are payable in this state, and that the payment of the same has not been secured by any mortgage or lien upon real or personal property, or any pledge upon personal property.
“That the said attachment is not sought,and the said [402]*402action is not prosecuted to hinder, delay, or defraud any creditor or creditors of the said defendant.
“ Asa Fisk.”

After the writ of attachment had been issued and levied, defendant moved, on the complaint, affidavit for attachment, and other papers on file, to discharge the attachment, upon the ground that the affidavit, upon which the attachment was issued, is false in the statement therein that the payment of the notes had not been secured by any mortgage, lien, or pledge upon -personal property; and is otherwise insufficient in that :it does not state that the collateral security appearing t>n the face of the complaint had become valueless without any act of the plaintiff, nor even allude to that security.

When the motion to discharge the attachment came on to be heard, the plaintiff, by leave of the court, amended the fourth count of his complaint (founded on the note dated November 17, 1892), by substituting for ¿he second paragraph thereof the following:

■“ 2. That plaintiff has ever since been, and now is, 'the owner and holder of the said note. That to secure the payment of the said sum of $238.58, and the interest thereon according to the terms of said promissory note, the said defendant did, on the seventeenth day of November, 1892, assign and transfer to said plaintiff one hundred shares of the capital stock of the Belcher Mining Company, with full power and authority in said plaintiff to sell the stock at any time after the note became due, without notice to said defendant, at public or private sale at plaintiff’s option, and to apply the net proceeds of the said sale of said stock to the payment of the said principal sum and the interest thereon according to the terms of the note. That after the said principal sum and interest became due, and on, to wit, the seventeenth day of February, 1893, the said plaintiff, under the said authority and power, sold the said capital stock so pledged to him as aforesaid by said defendant, and realized from the said sale the sum of [403]

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Cite This Page — Counsel Stack

Bluebook (online)
46 P. 161, 114 Cal. 400, 1896 Cal. LEXIS 912, Counsel Stack Legal Research, https://law.counselstack.com/opinion/fisk-v-french-cal-1896.