Hancock v. Stacy

125 S.W. 884, 103 Tex. 219, 1910 Tex. LEXIS 175
CourtTexas Supreme Court
DecidedMarch 9, 1910
DocketNo. 2020.
StatusPublished
Cited by51 cases

This text of 125 S.W. 884 (Hancock v. Stacy) is published on Counsel Stack Legal Research, covering Texas Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Hancock v. Stacy, 125 S.W. 884, 103 Tex. 219, 1910 Tex. LEXIS 175 (Tex. 1910).

Opinion

Mr. Justice Brown

delivered the opinion of the court.

Stacy instituted this suit against Hancock in the District Court of Travis County to recover compensation for his' services rendered in procuring a purchaser for certain lots in the city of Austin. It is unnecessary to state the pleadings in detail; the allegations were sufficient to present the issues submitted A general demurrer and special exceptions to the petition were urged and overruled by the court, but the objections presented by them that are material to a determination of this case are embraced in other assignments and will not be treated separately.

The evidence is sufficient to authorize a jury to find these facts. Stacy was a real estate agent and had been so engaged in the city of Austin for about twenty years. Hancock was a citizen of Austin also and owned valuable property situated on the corner of Sixth Street and Congress Avenue, fronting 150 feet on the avenue. The lots were occupied at the time by buildings, which were being rented' to Scarbrough & Hicks and others. In February, 1904, Stacy had a conversation with Hancock with reference to the sale of this property, but no definite understanding was reached until about the first of June, 1905, when Stacy went to Hancock’s place of business and presented to him a proposition to allow Scarbrough & Hicks to build upon the lots, putting as much money in the building as the lots were worth, and the two to own the property jointly. This proposition was rejected by Hancock, and Stacy then asked him to- put a price on the properly. To which Hancock replied, in substance, that *222 he would not sell it for anything but a fancy price, and he didn’t think anybody Avould pay his price. Stacy insisted that he name ids price and Hancock did so at $150,000. Stacy asked him if he would take that for the property and pay him five percent commission for making the sale and Hancock replied that he would. Stacy went at once to see Scarbrough and told him that he had at last gotten a definite price on the property, and stated the price, $150,000, to which Scarbrough replied, in substance, that it was too much, and that he would not pay such a price for it. This occurred in the first part of June, 1905. We deem it unnecessary to detail the different interviews that were had, but the undisputed evidence shows that Stacey was active in his efforts to make the sale to Scarbrough and to induce him to come to the terms proposed,, visiting and talking to him frequently about it. Stacy told Hancock that Scarbrough was the prospective purchaser. Hancock left the State and Stacy continued his negotiations with Scarbrough. About the 10th of July Hancock wrote to Stacy the following letter: “Dear Sir: Have you heard anything more from your parties who wanted my property on the corner of Sixth Street and the Avenue? If there are any developments, address me as below. Truly yours, Lewis Hancock, 81 Lathrop St., Beverly, Mass.” Stacy replied by this letter: “July 10, 1905. Mr. Lewis Hancock, 81 Lothrop St., Beverly, Mass. Dear Sir: Replying to ymur favor of the 5th instant, I beg to advise that I have had two conferences with my parties and believe I have made some progress though it would seem almost an impossible undertaking to secure the large price demanded by you. I believe it would facilitate the trade if I could offer an unusually low rate of interest on deferred payments. If my parties, who are perfectly responsible, would take the property at your price, $150,000 and pay $50,000 cash, would you accept vendor’s lien notes for $100,000, payable on or before ten years at five percent interest? Please wire your answer immediately upon receipt of this, as I expect to have another meeting with the parties the last of this week. Your truly, Win. H. Stacy.” In reply to Stacy’s letter Hancock sent this telegram dated at Boston, Massachusetts, July 14, 1905, and addressed to W. H. Stacy, Austin, Texas: “Time too long, rate too low. Would rather shade price. Lewis Hancock.” After this telegram was received Stacy continued his negotiations with Scarbrough until early in the month of August, when Scarbrough told Stacy that he would not consider the matter further until late in the fall when he would be able to determine what the crops would be and the prosperity of his business. About the last of August Hancock returned "from his trip North. Scarbrough was away at the time. Stacy met Hancock on the street and told him that his party was out of town and that he had determined not to consider the matter further until late in the fall, but he, Stacy, had hopes of making the sale. Hancock replied: “That’s all right; I have no use for the money.” Subsequently to this conversation and early in September Hancock went North again, and, after he had gone, Scarbrough returned, when Stacy renewed the negotiations, and Scarbrough said: “I have determined to buy this property, even at that high price, and I want to know what authority you have from *223 Mr. Hancock to make the sale.” Stacy replied that he was authorized to sell it but that he had no authority in writing except a letter from Hancock in which he recognized Stacy’s agency and he showed the letter to Scarbrough, but it did not satisfy him, he was afraid it would not bind Hancock to the trade. This conversation occurred about the 20th of September. A few days after that Stacy found on his desk at his office a copy of a message from Hancock to some one in the bank, whose name he did not remember, as follows: “Tell Stacy and Goldbeck that my property is not for sale;” and, on the next day Stacy received the following telegram: “Sept. 23, 1905. William H. Stacy, Austin, Texas. My property, Sixth Street and Avenue, is not for sale. Lewis Hancock.” Upon receipt of this telegram Stacy went to Scarbrough and informed him of the fact Hancock had withdrawn the property from sale and that nothing more could be done until his return. Hancock returned to Austin about the 16th of November, but he and Stacy did not meet until the first day of December. Stacy did not know up to that time that Hancock was in the city, and when they met on the street the latter said to Stacy: “Did you get my telegram?” to which Stacy replied: “Yes, I could have closed that sale if you hadn’t wired me to take the property off the market.” “I changed my mind,” replied Mr. Hancock, “and decided I would not sell; my wife did not want me to sell, and. the property is irrevocably off the market; she ■ doesn’t want me to sell; it is not for sale.” This conversation occurred on the first day of December, and, on the next day Stacy, while in camp with the State Militia, saw in the daily paper a notice that this property had been sold. Thereupon Stacy addressed to Hancock the following letter: “Dear Sir: I note by this morning’s paper that you have sold your property, corner of Congress Avenue and Sixth Street, to Mr. E. M. Scarbrough for $145,000. As I originally introduced Mr. Scarbrough to you as a purchaser for the property and have been working with him ever since to conclude a sale, as is well known to you, I consider that you had no right to sell the property to Mr.. Scarbrough either direct or through another agent without paying me the usual agent’s commission, particularly as the transaction would have been completed by me but for misleading statements made by you to the effect that you did not desire to complete it. Please advise me by bearer whether or not you acknowledge liability to me for commission to the amount of five percent as agreed between us some' time since.

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

Related

MVP Fort Worth Taylor, LLC v. John Roy
Court of Appeals of Texas, 2024
Dorn v. Stanhope Steel, Inc.
534 A.2d 798 (Supreme Court of Pennsylvania, 1987)
MortgageAmerica Corp. v. American National Bank of Austin
651 S.W.2d 851 (Court of Appeals of Texas, 1983)
MacEo v. Doig
558 S.W.2d 117 (Court of Appeals of Texas, 1977)
DOWD MORE COMPANY RELATORS v. McDonald
494 S.W.2d 282 (Court of Appeals of Texas, 1973)
Maberry v. Julian
479 S.W.2d 770 (Court of Appeals of Texas, 1972)
Sonfield v. Thomas
424 S.W.2d 250 (Court of Appeals of Texas, 1968)
Martin v. Fannin Bank
389 S.W.2d 724 (Court of Appeals of Texas, 1965)
McDonald v. Davis
389 S.W.2d 494 (Court of Appeals of Texas, 1965)
Huffman v. Cox
315 S.W.2d 319 (Court of Appeals of Texas, 1958)
Barnett v. Woodland
310 S.W.2d 644 (Court of Appeals of Texas, 1958)
Gill v. Smith
233 S.W.2d 223 (Court of Appeals of Texas, 1950)
Colbert v. Dallas Joint Stock Land Bank
150 S.W.2d 771 (Texas Supreme Court, 1941)
Zeigler v. Latham
144 S.W.2d 435 (Court of Appeals of Texas, 1940)
Duncan v. Stevenson
120 S.W.2d 305 (Court of Appeals of Texas, 1938)
Travelers Ins. Co. v. Nelle
115 S.W.2d 988 (Court of Appeals of Texas, 1938)
Weiss v. Gaines
51 S.W.2d 428 (Court of Appeals of Texas, 1932)
Philip A. Ryan Lumber Co. v. Conn
20 S.W.2d 388 (Court of Appeals of Texas, 1929)
Embrey v. W.L. Ligon Co.
12 S.W.2d 106 (Texas Supreme Court, 1929)
Cox v. Cooper
11 S.W.2d 601 (Court of Appeals of Texas, 1928)

Cite This Page — Counsel Stack

Bluebook (online)
125 S.W. 884, 103 Tex. 219, 1910 Tex. LEXIS 175, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hancock-v-stacy-tex-1910.