Hassell v. Gamble

263 S.W. 936, 1924 Tex. App. LEXIS 1117
CourtCourt of Appeals of Texas
DecidedMay 31, 1924
DocketNo. 9120.
StatusPublished
Cited by3 cases

This text of 263 S.W. 936 (Hassell v. Gamble) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Hassell v. Gamble, 263 S.W. 936, 1924 Tex. App. LEXIS 1117 (Tex. Ct. App. 1924).

Opinion

LOONEY, J.

This suit was-.brought by R. H. Gamble against Jess Hassell and wife, Irma Hassell, Hamilton Patterson and wife, Mary Patterson, and U. P. Short, to recover compensation earned as broker in regard to the sale of certain properties owned by the Hassells and Pattersons.

Defendant Short was dismissed from the suit, and, on trial, judgment was rendered in favor of Gamble against the remaining defendants, from which they have appealed.

Appellants were the owners of all' the stock of the Dallas Athletic Association, a corporation. The corporation owned the unexpired portion (10 years) of a 12 years’ lease on property known as “Marine Pield,” or “Gardner Park,” the playing field of the Texas League baseball teams at Dallas, also-owned the improvements and equipment thereon, the uniforms, baseball supplies and appliances, and the players under contract or held by option.

The owners were anxious to sell these properties, and, through their agent, Judge U. F. Short, about November 1, 1921, employed appellee to find a purchaser at $160,-000, net to the owners, agreeing that appellee should offer the properties at $165,000, arid, in case a purchaser was obtained at that price, he should receive $5,000 as his compensation.

Appellee was diligent in efforts to sell, and succeeded in interesting a group of men who formed an association (to he incorporated)1 of which appellee was a member, and submitted to Judge Short, agent for appellants, the following written proposition:

“Dallas, Texas, Jan. 10, 1922.
“Judge U. F. Short, City — Dear Judge: We offer the owners of the Dallas Athletic Association and associates, one hundred and sixty-five thousand dollars ($165,000.00) for all the property belonging to the Dallas Athletic Association, which embraces all the shares of stock in the said Dallas Athletic Association, and all property belonging to it, including the unexpired portion — ten years — of a twelve-year lease with a monthly rental of $300.00 on the property known as Marine Field or Gardner Park, the present playing field of the Dallas, Texas, League baseball team and all improvements and equipment on the above-mentioned baseball grounds; all uniforms and baseball *937 supplies and appliances; all players under contract or held by option or agreement.
“It is expressly understood that the present owners are to deduct from the cash payment any and all sums of money collected in advance for concessions or advertising to this date.
“The present owners of the Dallas Athletic Association are to close up and secure adjustments satisfactory to us of all outstanding litigation, judgments or sale contracts or any other contesting factors pertaining to the Dallas Athletic Association; it being expressly under? stood ■ that the present owners are to deliver the above-enumerated properties to us clear of all indebtedness of every nature, and we shall expect to receive the approval of the Texas League and' the National Association to the transfer of this property before any payment on the purchase price is made.
“We make the above offer with terms of payment as follows: Fifty thousand dollars ($50,-000.00) in cash and one note executed by the proper officers of the new company for one, hundred and fifteen thousand ($115,000.00) dollars due and payable on or before as follows:
“Fifteen thousand dollars ($15,000.00) December 1, 1922; twenty-five thousand dollars ($25,000.00) December 1, 1923; twenty-five thousand dollars ($25,000.00) December 1,1924; twenty-five thousand dollars ($25,000.00) December 1, 1925; and twenty-five thousand dollars ($25,000.00) December 1, 1926 — said note to bear interest at the rate of 7 per cent, per annum, payable semiannually, and being secured by a mortgage on the assets of the new company. Failure to pay.first note when due will mature balance. This note to bear 5 per cent! for attorney’s fees if placed in the hands of an attorney for collection.
“Should you and your clients accept this proposition, it will he to the interest of each and every person concerned to make necessary transfer at the earliest date possible, not later in any event than February 1, 1922.
“[Signed] G. P. Edgell, $15,000.00
“W. R. Patterson, 6,000.00
“Milburn Hobson, 5,000.00
“H. A. Olmsted, .1,000.00
“M. E. Martin, 1,000.00
“R. H. Gamble, 2,500.00
“C. O. Rockenback, 1,000.00
“T. M. Cullum, 500.00
“T. O. Daniels, 5,000.00
“W. E. Kingsbury, 1,000.00
“H. E. Butler, • 1,000.00
“C. H. Connell, 1,000.00 .
“W. H. Francis, 1,000.00
“F. V. Faulkner, 1,000.00
“D. C. Stewart, ' 1,000.00
“R. J. Blackburn, 1,000.00
“Joe M. Williams, 1,000.00
“Richard Haughton, 5,000.00
“E. R. Brown, 1,000.00”

Judge Short, on behalf of his clients and principals, accepted the offer contained in the above document. It was understood that when the final papers carrying out the terms of the written offer were prepared and executed, and the stock of the Dallas Athletic Association was properly transferred, that these, together with the cash payment from the purchasers to the owners, would be deposited in escrow with the American Exchange National Bank of Dallas, to be held until the owners cleared away all pending litigation in which these properties were in any way involved, and freed the same from all incumbrances, and secured the adjustment of any other contesting factor pertáin-ing to the association, but, in the meantime, possession of the properties was to be delivered to the purchasers.

It was understood by the parties that ap-pellee and associates wpuld procure a charter for a corporation to take over, own, and operate these properties, and to execute the note mentioned in the written offer copied above.

The Dallas Athletic Association did not at the time have membership in the Texas League, and the owners of these properties could not sell or deliver to appellee, or his associates, membership in the league. However, the following provision of the accepted offer, to wit, “ * * * and we (the purchasers) shall expect to receive the approval of the Texas League and the National Association to the transfer of this property before any payment on the purchase price is made,” meant, according to our view, that the owners obligated themselves to secure for the purchasers, these rights and franchises.

The proposed purchasers were able, ready, ■and willing to take the properties on the terms specified -in the accepted offer, and the consummation of the sale to them was defeated by no fault of theirs. .

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Cite This Page — Counsel Stack

Bluebook (online)
263 S.W. 936, 1924 Tex. App. LEXIS 1117, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hassell-v-gamble-texapp-1924.