Houssels v. Jacobs

77 S.W. 857, 178 Mo. 579, 1903 Mo. LEXIS 375
CourtSupreme Court of Missouri
DecidedDecember 23, 1903
StatusPublished
Cited by3 cases

This text of 77 S.W. 857 (Houssels v. Jacobs) is published on Counsel Stack Legal Research, covering Supreme Court of Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Houssels v. Jacobs, 77 S.W. 857, 178 Mo. 579, 1903 Mo. LEXIS 375 (Mo. 1903).

Opinion

BRACE, P. J.

This is an appeal from a judgment of the St. Louis City Circuit Court in favor of the plaintiff, in an action by attachment, for the sum of $7,629.93, from which the defendant appeals. .

The petition, omitting caption, is as follows: i

“Plaintiff says that at the times hereinafter mentioned the defendant, W. H. Jacobs, and one Louis A. Snow, were partners together doing business under the firm name and style of W. H. Jacobs & Co., and that defendant is not a resident of the State of Missouri.

“That heretofore, totwit, on the 15th day of October, 1899, the said W. H. Jacobs and said Louis A. Snow, as such partners as aforesaid, entered into a contract, in writing, with one J. H. Houssels, whereby in consideration of the sale unto them, to-wit, said Jacobs and Snow, as such partners, of a one-half interest in twenty-two hundred and thirty head of steers, then located in the pens of the Consumers’ Cotton Oil Com[582]*582pany, at Little Rock, in the State of Arkansas, the said Jacobs and Snow, as such partners, agreed to pay therefor unto the said Houssels the sum of $36,237.50. That, in part payment of the price by them as. aforesaid agreed to be paid for said cattle, the said defendant and said Snow, as such partners, agreed to assume the payment of one-half the amount of a certain note, amounting to the sum of $46,066.28, together with the amount of one-half the interest on said note, at the rate of eight per cent per annum, from and after the 4th day of October, 1899, until the payment of the said note, i “Plaintiff further says that in and by said agreement the said Jacobs and Snow, as such partners, further agreed that for the amount of the price of the one-half interest in the cattle aforesaid above the amount of said note, they would execute and deliver unto the said Houssels a promissory note to be paid out of the proceeds of the sale of said cattle when the same had been sold and disposed of.

“Plaintiff further says that in and by said agreement the said J. H. Houssels undertook and agreed to feed the said cattle, and the said Jacobs and Snow, as such partners, promised and agreed with said Houssels to pay unto him one-half of the cost of such feeding, together with interest at the rate of eight per cent per annum on all sums of money which the said Houssels might advance, and pay for them on account of the cost and expense of such, feeding.

“That in and by the said agreement the said defendant Jacobs and the said Snow, as such partners, agreed to assume and pay one-half of a certain freight bill for the- transportation of the said cattle from the town of Vernon, in the State of Texas, to the city of Little Rock, Arkansas, the amount of such freight bill being in said agreement stated to be approximately the sum of $4,225.50.

‘ ‘ Plaintiff further says, that by the said agreement, the said defendant, Jacobs and Snow, as such partners, [583]*583as aforesaid, further agreed that in the event their one-half interest in the said steers should not realize a sufficient amount of money upon the sale thereof, to liquidate all of the above-mentioned indebtedness, then that they would execute and deliver unto the said Houssels their promissory note for the amount of such deficiency, and that in said agreement it was provided that the said note should become due and payable on or before the 1st day of April, A. I)., 1900, and also that the said note should be amply secured.

“Plaintiff further says that in said agreement, it was also provided that the management and disposition of the said cattle should be vested in the said J. H. Houssels.

“Plaintiff says that the said agreement was subscribed by the said J. H. Houssels and by the said firm and partnership of W. H. Jacobs & Co., said defendant W. H. Jacobs then and there signing the said firm name thereto in behalf of the said firm.

‘ ‘ Plaintiff says that thereafter, to-wit, on the 3d day of December, 1899, the said J. H. Houssels transferred and assigned all of his interest in the above contract unto the plaintiff, whereby this plaintiff became the owner of all the interest of the said J. H. Houssels in and to the said agreement, and plaintiff says that he is now the owner and holder of the said interest and entitled to all of the rights of the said J. H. Houssels therein, and that he is further entitled to enforce the said contract as completely as the said J. H. Houssels might have done if he had not made the assignment aforesaid.

“Plaintiff further says that the said Jacobs and Snow, as such partners, have not kept and fulfilled the promises, agreements and stipulations by them made and entered into in the contract aforesaid, and have failed to perform their said promises and undertakings, in this, to-wit: First, that they did fail to pay the one-half of the note aforesaid of $46,066.28, mentioned in [584]*584said contract, and did fail to execute and deliver to the said J. H. Houssels, or to this plaintiff, their promissory-note, or any other obligation, for the amount of the remainder of the price agreed to be paid by them as above stated for a one-half interest in the cattle aforesaid; and, next, in that they have entirely failed and neglected to pay the amount of one-half of the freight for the transportation of the cattle aforesaid from Vernon, Texas, to Little Rock, Arkansas, as agreed by them, or any part of the cost of feeding said cattle.

“Plaintiff further says that by virtue of the right in said contract given to, and vested in, the said J. H. Houssels, to manage and dispose of the said cattle, said J. H. Houssels has sold and disposed of the same.

“Plaintiff says that upon such disposition of the cattle aforesaid, there was .realized therefor only the sum of $81,941.80, and that the half interest of the said firm of W. H. Jacobs & Co-, in said proceeds was the sum of $40,970.90.

‘ ‘ That the said J. H. Houssels paid the freight for transporting the said cattle, to-wit, the sum of $4,326.10. That he also paid for feeding the said cattle and labor for handling the same, the sum of $17,286^06, and thát said Houssels also paid for interest on the note aforesaid the sum of $2,241.66. That the said firm and partnership and the said defendant Jacobs, individually, became indebted unto the said Houssels for the amount of one-half of the said moneys by him paid for freight, labor, feeding and interest, to-wit, in the sum of $11,926.91.

“That the said partnership and the said W. H-Jacobs, individually, being indebted and-bound unto the said Houssels for the price of the one-half interest in the cattle aforesaid, to-wit, the sum of $36,237.50, said partnership and said Jacobs, individually, became, and at the time when said cattle were disposed of, were indebted unto said J. H. Houssels and unto this plaintiff as his assignee, in the total sum of $48,164.41.

[585]*585“That after applying to the said indebtedness the amount of one-half of the proceeds of the said cattle, to-wit, the said sum of $40,970.90, there still remains due and owing by the said firm of W. H. Jacobs & Co. and by the said W. H. Jacobs, individually, under the terms of said contract, the sum of $7,193.51, which amount of money this plaintiff says he is entitled to have and re-cover of the said defendant herein, in virtue of the assignment to him as aforesaid, by the said J. H. Houssels.

‘ ‘ The particulars of said debt are shown in the account annexed, marked ‘Exhibit A.’

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Bluebook (online)
77 S.W. 857, 178 Mo. 579, 1903 Mo. LEXIS 375, Counsel Stack Legal Research, https://law.counselstack.com/opinion/houssels-v-jacobs-mo-1903.