Haas v. Greenwald

237 P. 38, 196 Cal. 236, 59 A.L.R. 1493, 1925 Cal. LEXIS 308
CourtCalifornia Supreme Court
DecidedMay 29, 1925
DocketDocket No. S.F. 10602.
StatusPublished
Cited by41 cases

This text of 237 P. 38 (Haas v. Greenwald) 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
Haas v. Greenwald, 237 P. 38, 196 Cal. 236, 59 A.L.R. 1493, 1925 Cal. LEXIS 308 (Cal. 1925).

Opinion

RICHARDS, J.

This appeal is by the plaintiff from a judgment entered upon an order sustaining the defendants’ demurrer to the plaintiff’s amended complaint without leave to amend. The action was one commenced by the plaintiff on his own behalf and also as the assignee of one A. M. Johnson, who prior thereto had assigned and transferred to said plaintiff all of his right, title, and interest in the claim and demand which formed the basis of said action. The amended complaint, after alleging the corporate character of The Santa Marina Company and its ownership of the tract of land with reference to which the transaction occurred out of which the claim and demand sued upon arose, and after also alleging the corporate character of the *238 Hibernia Savings and Loan Society, connected with said transaction, proceeds to allege that:

“On and prior to the 14th day of November, 1921, the above-named defendant L. Greenwald, was desirous of purchasing said real property hereinabove particularly described, together with the improvements thereon, from said The Santa Marina Company, a corporation, for the sum of $650,000.00 net to said The Santa Marina Company, and in order to permit said purchase to be made by him to negotiate a loan from said Hibernia Savings and Loan Society, a corporation, for $450,000.00, the repayment of which loan should be secured by a first mortgage upon said real property hereinabove described when so purchased by said defendant L. Greenwald, $50,000.00 of which was to be repaid by said L. Greenwald to said Hibernia Savings and Loan Society in sixty installments of $833.33 per month, and the remaining $400,000.00 to be repaid on or before five years from the date of such loan, said $450,000.00 to bear interest at the rate of six per cent per annum until paid. On or about the 14th day of November, 1921, the above named defendant L. Greenwald employed the above named plaintiff H. C. Hass, A. M. Johnson and the defendant Walter W. Stevens, to negotiate on his behalf with said The Santa Marina Company, a corporation, for and to effect a sale by' said The Santa Marina Company, a corporation, to said defendant L. Greenwald, of said real property hereinabove described, together with the improvements thereon for said sum of $650,000.00 net to said The Santa Marina Company, a corporation, and to negotiate and procure from said Hibernia Savings and Loan Society, a corporation, said loan of $450,000.00 bearing the interest hereinabove set forth and payable in the manner hereinabove specified, the repayment of which was to be secured by a first mortgage upon said real property hereinabove described, and in consideration of the services to be thereafter rendered by said plaintiff and A. M. Johnson and said defendant Walter W. Stevens in negotiating and effecting said sale of said real, property to said defendant L. Greenwald, for said sum aforesaid, and negotiating and procuring said loan aforesaid, agreed that if said plaintiff and said A. M. Johnson and said defendant Walter W. Stevens negotiated and effected said sale by said corporation Santa Marina Company to said *239 defendant of said real property, together with the improvements thereon, for said sum of $650,000.00 net to it and negotiated and procured from said Hibernia Savings and Loan Society, a corporation, said loan of $450,000.00 aforesaid, he would, when said services were completed, and in consideration thereof, pay to said plaintiff and said A. M. Johnson and said defendant Walter W. Stevens the sum of $20,000.00, or execute and deliver to them his promissory note or notes for said sum of $20,000.00. Thereafter and prior to November 21, 1921, said plaintiff and said A. M. Johnson and said defendant Walter W. Stevens, negotiated with said The Santa Marina Company, a corporation, for the sale of said real property to said L. Greenwald, and as a result of said negotiations prior to and on said November 21st, 1921, said The Santa Marina Company, a corporation, was willing and agreed to sell said real property, together with said improvements, to said defendant L. Greenwald for said sum of $650,000.00 net to it. On said 21st day of November, 1921, said The Santa Marina Company, a corporation, was able, ready and willing to sell to said defendant L. Greenwald said real property, together with said improvements, for said sum of $650,000.00 net to it. Prior to said 21st day of November, 1921, said plaintiff and said A. M. Johnson and said defendant Walter W. Stevens negotiated with said Hibernia Savings and Loan Society, a corporation, for said loan of said $450,000.00 upon said terms aforesaid, and prior to said November 21, 1921, had arranged with said Hibernia Savings and Loan Society for and had procured from it for said defendant L. Greenwald said loan of $450,000.00, the repayment of which loan was to be secured by a first mortgage upon said real property hereinabove described, together with the improvements thereon, when so purchased by said defendant L. Greenwald, $50,000.00 of which was to be repaid by said defendant L. Greenwald to said Hibernia Savings and Loan Society in sixty installments of $833.33 per month, and the remaining $400,000.00 to be repaid on or before five years from the date of such loan, said $450,000.00 to bear interest at the rate of six per cent per annum until paid. Said loan so negotiated and procured by said plaintiff and said A. M. Johnson and said defendant Walter W. Stevens and the terms thereof were acceptable to and accepted by said *240 defendant L. Greenwald. Thereafter and on said 21st day of November, 1921, said defendant L. Greenwald repudiated said agreement so entered into by him with said plaintiff and said A. M. Johnson and said defendant Walter W. Stevens as aforesaid, and refused to proceed further with the purchase of said real property or to accept said loan, and without any cause or justification therefor notified said plaintiff and said A. M. Johnson and said defendant Walter W. Stevens that he would refuse to further proceed with the purchase of or purchase said real property or any part thereof, and would refuse to accept or consummate said loan aforesaid, and repudiate his said agreement with said plaintiff and said A. M. Johnson and said Walter W. Stevens. Ever since said 21st day of November, 1921, said defendant L. Greenwald has refused to purchase said real property and said improvements or any part thereof and has refused to accept or consummate said loan aforesaid. Said defendant L. Greenwald has refused and still refuses to pay to said plaintiff and said A. M. Johnson and said defendant Walter W. Stevens, or any of them, said sum of $20,000.00, or to make, execute or deliver to them, or any of them, his said note or notes for the sum of $20,000.00 or any other sum. The said defendant Walter W. Stevens is made a defendant in this action for the reason that he refuses to join in said action with said plaintiff. On the 8th day of December, 1921, said A. M. Johnson assigned, transferred and set over to the above named plaintiff, H. C. Haas, all of his right, title and interest in said claim against said defendant L. Greenwald, arising out of the rendition of said services and the making of said agreement by said defendant L. Greenwald as aforesaid, and all moneys due thereon, At all of the times herein mentioned the above named plaintiff, H. C. Haas, and the above named defendant Walter W.

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Bluebook (online)
237 P. 38, 196 Cal. 236, 59 A.L.R. 1493, 1925 Cal. LEXIS 308, Counsel Stack Legal Research, https://law.counselstack.com/opinion/haas-v-greenwald-cal-1925.