Hjorth Oil Co. v. Curtis

163 P. 362, 25 Wyo. 1, 3 A.L.R. 765, 1917 Wyo. LEXIS 5
CourtWyoming Supreme Court
DecidedMarch 5, 1917
DocketNo. 853
StatusPublished
Cited by2 cases

This text of 163 P. 362 (Hjorth Oil Co. v. Curtis) is published on Counsel Stack Legal Research, covering Wyoming Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Hjorth Oil Co. v. Curtis, 163 P. 362, 25 Wyo. 1, 3 A.L.R. 765, 1917 Wyo. LEXIS 5 (Wyo. 1917).

Opinion

Potter, Chief Justice.

Frank G. Curtis brought this action against the Hjorth Oil Company, a corporation, to recover the alleged value of his services and expenses in negotiating and making a sale of that company’s leasehold interest in a certain tract of land in Natrona county, this state, upon which the company had drilled a productive oil well, and in procuring from the purchasers an agreement to take the' oil produced by the company upon land owned by it at the market price. Such services and expenses were alleged to be of the reasonable [5]*5value of thirty-five thousand dollars, and it was alleged that no part thereof had been paid except sixty dollars advanced by said company for expenses. On the trial in the district court without a jury it was found that the plaintiff was entitled to recover for his services in negotiating and making the sale aforesaid the sum of ten thousand dollars, as the reasonable value thereof, together with interest thereon at the legal rate of eight per cent, per annum from a specified date, and judgment was rendered in his favor for said sum and interest, aggregating $11,497.80.

The petition alleges that the plaintiff is and during the period mentioned therein was an attorney and counsellor at law and engaged in the practice of his profession in the city of Jamestown, New York, and also in the business of a broker and in the sales of stocks, bonds and other properties, and that he was a stockholder of the defendant. Stripped of all other matter of inducement the petition alleges in substance that the plaintiff undertook the sale of the defendant’s interest in the lands aforesaid, and to provide for the sale of oil produced on lands owned by it, at the special instance and request of the defendant, and that the defendant agreed to pay the plaintiff a reasonable sum for his services in addition to his actual expenses in conducting the necessary negotiation for said sale; that pursuant to said agreement the plaintiff made the sale for the sum of seventy-five thousand dollars in cash and 750 shares of the capital stock of a company to be organized by'the purchasers, said shares to include 250 shares of seven per cent, cumulative preferred stock and 500 shares of common stock; that the proposed company was organized, and the stock aforesaid, of the value of $35,000 or more, was about be issued to • defendant pursuant to said sale and the terms thereof; that an agreement was procured from the purchasers to take oil from the defendant at the market price for an indefinite period of time; that plaintiff’s services and expenses in making said sale and contract were reasonably worth the sum of $35,000.

[6]*6The answer admits that plaintiff was an attorney and counsellor at law engaged in the practice as alleged, but denies, for want of information, his having been engaged in the business of broker as alleged. It further denies his alleged employment to make the sale or that the sale was made by him, and alleges that the plaintiff was one of defendant’s stockholders, and the only agreement with him by the company was to pay him, in addition to his actual expenses, the sum of fifteen dollars per day for such time as he should be actually absent from the city of Jamestown upon any business of the defendant; that the sale aforesaid was made by the defendant itself acting through certain of its officers and stockholders; that plaintiffs only connection therewith was as one of a committee of three stockholders appointed by the board of directors for the sole purpose of acting for it in its corporate capacity and not as brokers or promoters.

The findings of fact were stated in writing substantially as follows: 1. That defendant is a corporation organized under the laws of New York. 2. That plaintiff is and was since prior to January 1, 1913, engaged in practice as an attorney and counsellor at law and in the business of a broker in the sale of stocks and bonds and other properties. 3. That defendant, prior'to January 1, 1913, became the owner of a certain leasehold estate in an oil placer mining location upon a certain tract of public land situated in Natrona county, in this state, and continued to be the owner thereof until its sale on’April 16, 1913. 4. That subsequent to January 1, 1913, and prior to April 16, 1913, the defendant employed the plaintiff to sell said leasehold interest and agreed to pay him and he agreed to accept a reasonable compensation for his services in negotiating and making such sale. 5. That pursuant to said contract of employment the plaintiff, on April 16, 1913, negotiated and made a sale of said leasehold interest for $75,000 in cash and $50,000 of the common stock and $25,000 of' the preferred stock of a cor^ poration to be organized to own said interest. 6. That thereafter and prior to May 10, 1913, .the sale was accepted, rati[7]*7fied and approved by the defendant, and its said interest duly conveyed to the purchaser, who then and there paid to the defendant the purchase price aforesaid, viz: $75,000 in cash, and $75,000 par value of the capital stock of the Keystone Oil Company, the corporation organized for the purpose aforesaid, and that the said capital stock so paid to defendant was of a cash value exceeding $25,000. 7. That the sum of $10,000 is a reasonable compensation for plaintiff’s said services. As a conclusion of law the court found the defendant to be indebted to the plaintiff in the sum of $10,000, with interest at eight per cent, per annum from June 16, 19113.

The findings concluded with an order for judgment and a recital that all were excepted to by the defendant. Thereafter the defendant filed a statement of its exceptions to the findings and decision, specifying that it excepted to the 4th and 5th finding of fact, that part of the second finding to the effect that plaintiff had been engaged in the business of a broker, the sixth finding so far as it may imply that defendant ratified or approved any sale or alleged sale by the plaintiff acting in the capacity of a broker for defendant, the conclusion of law and order for judgment. It is shown also by the 'bill of exceptions that a motion for new trial was filed by the defendant stating the following grounds: 1. That the court erred (a) in denying defendant’s motion for non-suit or. for judgment at the end of plaintiff’s evidence In chief, and (b) in denying defendant’s motion for judgment in its favor at the conclusion of all the evidence. 2. That the findings are not sustained by sufficient evidence and are contrary to the evidence. 3. That the evidence is insufficient in law to warrant any finding or judgment in favor of the plaintiff. 4. That the findings are contrary to law.

The case is here on error, with the errors complained of set forth in the petition in error substantially as follows: 1. That the court erred in denying defendant’s motion for non-suit or judgment made at the end of plaintiff’s evidence in chief. 2. That the court erred in denying defendant’s motion for judgment made at the end of all the evidence. 3. That the court erred in its second, fourth and fifth findings [8]*8of fact, in that said findings are not supported by the evidence and are contrary to the facts adduced at the trial. 4. That the decision and judgment are not sustained by and are contrary to the evidence. 5. That the decision and judgment are contrary to law. 6. That the court erred in denying defendant’s motion for a new trial. 7. That upon the evidence and the law the judgment should have been in favor of the defendant.

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

Related

Harsh v. Silver Hill Mining Co.
228 P. 337 (Idaho Supreme Court, 1924)
McDermott v. Ida County
186 Iowa 736 (Supreme Court of Iowa, 1919)

Cite This Page — Counsel Stack

Bluebook (online)
163 P. 362, 25 Wyo. 1, 3 A.L.R. 765, 1917 Wyo. LEXIS 5, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hjorth-oil-co-v-curtis-wyo-1917.