Junk v. Golden Ranch Sugar & Cattle Co.

48 So. 267, 122 La. 794, 1909 La. LEXIS 611
CourtSupreme Court of Louisiana
DecidedFebruary 1, 1909
DocketNo. 16,738
StatusPublished
Cited by10 cases

This text of 48 So. 267 (Junk v. Golden Ranch Sugar & Cattle Co.) is published on Counsel Stack Legal Research, covering Supreme Court of Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Junk v. Golden Ranch Sugar & Cattle Co., 48 So. 267, 122 La. 794, 1909 La. LEXIS 611 (La. 1909).

Opinions

Statement of the Case.

NICHOLLS, J.

This suit is brought by the plaintiffs against John R. Gheens, individually, and the Golden Ranch Sugar & Cattle Company, Limited.

Plaintiffs allege that on or about the 15th of April, John R. Gheens, acting for himself, and as president and manager of the Golden Ranch Sugar & Cattle Company, Limited, entered into a definite agreement and contract with your petitioners by which the said Gheens, acting as above set forth, placed in the hands of petitioners for sale, as brokers, the entire holdings of the said Golden Ranch Sugar & Cattle Company, Limited, located in the parish of Lafourche, consisting of all real and personal property, sugar houses, cane crops, implements, mules, etc.; that petitioners were then and there authorized and directed by the said Gheens, acting as aforesaid, to procure a purchaser of said real and personal property for the price and sum of $650,000, and it was then and there agreed that, in case petitioners should procure such purchaser at such price, the said Gheens and the said Golden Ranch Sugar & Cattle Company, Limited, would pay to your petitioners .as a commission for effecting the said sale the sum of $50,000. Petitioners further show that the said holdings of the said Golden Ranch Sugar & Cattle Company, Limited, in the parish of La-fourche consisted of, as they claimed, about 45,000 acres of land, part thereof being cultivated as a sugar plantation, with a sugar house, mules, farming implements, and all other accessories of a sugar plantation; partly of large tracts of uncultivated land, and partly of large tracts of cypress timbered lands; and that all the property, real and personal, of whatever nature and description, of the said • Golden Ranch Sugar & Cattle Company, Limited, were included in the said agreement as above set out, to be sold for the price and sum of $650,000. That after a great deal of effort on their part, and after the expenditure by them of considerable amounts of money, they procured a purchaser and had made arrangements for the sale of the said property above referred to for the said sum of $650,000, and that said sale would have been consummated for the said price but for the fact that the said Gheens and the said Golden Ranch Sugar & Cattle Company, Limited, were not able to prove a good and valid title to only about 23,762 acres of the 45,000 acres which were to be included in the said sale. -That when it became apparent that the title to a large portion of the said property of the said Golden Ranch Sugar & Cattle Company, Limited, was imperfect, then another-and supplemental agreement was made between petitioners and the said Gheens and the said Golden Ranch Sugar & Cattle Company, Limited, to the effect that if petitioners succeeded in securing a purchaser for that portion of the property of the said Golden Ranch Sugar & Cattle Company, Limited, to which a perfect title could be made, and if the price should be satisfactory to the said Gheens, then and in that event such commission would be paid to your petitioners as would bear the same ratio to the purchase price actually paid to and received by the Golden Ranch Sugar & Cattle Company, Limited, as the originally agreed price of $650,000.

That, acting upon the said supplemental agreement, petitioners continued to offer said property to different parties until finally they interested one C. R. Ash, of Duluth, Minn., in the said proposition, and after a great,deal of work in making abstracts, in locating corners and lines, in making surveys, [797]*797cruising the timber, and doing and performing all the acts and things required of an agent in making a sale, they finally succeeded about the 1st day of August, 1906, in closing a contract of sale of the said property between the said C. R. Ash and the said John R. Gheens, president and manager of the said Golden Ranch Sugar & Cattle Company, Limited, for the sale of the Derbigny plantation, a part of the property owned by the said Golden Ranch Sugar & Cattle Company, Limited, and also for the sale of the cypress timber or trees on the remainder of the land belonging to the said company in the parish of Lafourche, together with the crop, mules, implements, etc., on the said sugar plantation, for the price and sum of $525,000.

That, when the said contract of sale was entered into, the said Ash paid the sum of $10,000 as earnest money, and it was agreed that the said purchaser should have until October 1, 1906, to close the sale; and it was further agreed that the sard Gheens should furnish to the said purchaser’s attorney abstracts, titles, etc., which would show said company’s title to the property contract to be sold.

Petitioners further showed that through no fault of theirs, but owing entirely to the defective title to the said property, they were unable to have the act of sale passed upon by the attorney of the said Ash, and that in consequence thereof the said Ash refused to close the said deal and to take the said property at that date, whereon the said defendants declared the contract off and claimed the said earnest money as forfeited to them. Petitioners further showed that acting upon the express authority of the said Gheens they did not give up hopes of selling the said property, but continued to negotiate during the entire month of October, 1906, with the said Ash, and finally brought the said negotiations to a successful close, and that on October 30, 1906, an act of sale was passed between said defendants and the said Ash, for the price of $525,000 for the portion of the property of the said Golden Ranch Sugar & Cattle Company, Limited, known as the “Der-bigny Plantation,” and for the cypress trees and timber on the remainder of the lands belonging to the said company.

Petitioners showed that it was entirely owing to their efforts and industry that the •purchaser of the said property was found for ■•the said property and at the said price, and that they were acting in the said transaction' under an express contract with the said Gheens, acting for himself and for the said Golden Ranch Sugar & Cattle Company, Limited, of which he was, and, as petitioners aver, still is, the president and manager, and has been for years; and petitioners aver that the said Gheens was also acting under due authority from the said company and from all the stockholders thereof, he, the said John R. Gheens, being largely interested therein, and holding a very great proportion of the stock of the said company, and being largely interested in the carrying out of the said sale, which petitioners aver was greatly to the advantage of the said stockholders therein.

Petitioners further showed that the agreement between the said Gheens and the said Golden Ranch Sugar & Cattle Company, Limited, was specific and definite: First, that all the holdings of the said company situated in the parish of Lafourche were to be sold for $650,000, or $600,000 to the defendants and $50,000 to petitioners; and that the subsequent and modified agreement made in place of the first was to the extent that if only a portion of the said holdings should be sold, then and in that event the commission to be paid petitioners was to be reduced so as to bear the same proportion to the purchase price as did the originally agreed upon commission of $50,000 bear to the originally required price of $650,000; that therefore the commission due to your petitioners is the sum of $40,384.61, that sum bearing the same [799]

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Bluebook (online)
48 So. 267, 122 La. 794, 1909 La. LEXIS 611, Counsel Stack Legal Research, https://law.counselstack.com/opinion/junk-v-golden-ranch-sugar-cattle-co-la-1909.