Kennedy v. First State Bank of Wall

162 N.W. 152, 38 S.D. 497, 1917 S.D. LEXIS 50
CourtSouth Dakota Supreme Court
DecidedApril 2, 1917
DocketFile No. 3964
StatusPublished

This text of 162 N.W. 152 (Kennedy v. First State Bank of Wall) is published on Counsel Stack Legal Research, covering South Dakota Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Kennedy v. First State Bank of Wall, 162 N.W. 152, 38 S.D. 497, 1917 S.D. LEXIS 50 (S.D. 1917).

Opinions

SMITH, J.

This case was once before this court upon a materially different state of facts, and is reported in 34 S. D. 457, 149 N. W. 168.

Plaintiff pleads four causes of action, all of which are connected with a single transaction in which plaintiff claims to have acted for defendant in making an exchange of lands in Pennington county, S. D., for an automobile and a house and lot in the town of Bloomfield, Neb. The jury returned a verdict for $415.05, and interest, the exact amount claimed by plaintiff.

One Collins owned the Pennington county land. One. Uhling, who lived at Bloomfield, owned the house and lot and automobile. The controversy arose out of an exchange of these properties. It was plaintiff’s contention, and he testified in substance, that he was not the real principal in the transaction, though the deal was put through in his name as principal; that Kneeland and Stensland, both officers of the defendant bank, had learned that Uhling wanted to1 trade the house and lot in Bloomfield and automobile, for land, and they could buy the Collins land on certain terms; that plaintiff saw Collins and brought him to the bank on October 23, 1911, and a deed of the land was there made out, but not then signed, as Mrs. Collins was not present; that the name of the grantee was left blank in this deed; that the Collins land was mortgaged for $350, and Kneeland and Stensland were to pay Collins $500 for his equity; that the same day plaintiff went to Bloomfield at the request of Kneeland and Stensland to get Uhling to make a written contract for the exchange of the Collins land for the house and lot and the automobile; that on October 26th, to accomplish this purpose, plaintiff [499]*499entered into a written -contract in his own name with Uhling to exchange the Collins land for the Bloomfield property, and the same day notified defendant hank ’by wire and by letter that he had closed the deal with. Uhling; shortly afterward,' the last of October or first of November,' -Stensland wrote plaintiff to -break the Uhling deal, as he had a better trade for the Collins land at Huron; could get a better car; plaintiff answered that there -was a forfeit -of $350 in the Uhling -contract, and he was not going to lose it; that thereafter, on November 8th, Kneeland went to Bloomfield, and telephoned Uhling at -his farm to come in to town; that Uhling -came, and Uhling and Kneeland talked the deal over; Kneeland brought with him the deed for the Collins land, signed by Collins and his wife, and the abstract of title to the land; that the trade was then made, and Uhling turned over the deed of the house and bill of sale of the automobile to Knee-land, who looked them over and -handed them to plaintiff; that plaintiff thereupon asked Kneeland whose name he wanted inserted in the Uhling conveyances as grantee, and Kneeland said not to put in the name of the -bank; that Stensland was n-ot there, and Mrs. Kneeland was in California, and suggested that plaintiff’s name he inserted as grantee, which was- done; Uh-ling’s name was inserted as grantee in the Collins deed, and it was delivered to Uhling-; Kneeland then arranged with Dahl, an insurance agent, for insurance on the Uhling house; Uhling and plaintiff then went to Uhling’s home and got the automobile, which Kneeland told them to take to a garage; Kneeland and plaintiff then went to John Kloke, a real estate dealer, and told him to sell the house and lot in Bloomfield for $1,000, and that he might sell for $900 if he could not get $1,000; the next morning at the hotel Kneeland told -plaintiff he had used money out of the bank to pay Collins the $500 for the Collins land, and asked plaintiff to give the bank a demand note for $500 to- -cover up this amount, as they had done in other transactions, and plaintiff gave it; that plaintiff was assisted by Kloke, a real estate dealer at Bloomfield, in making the Oollins-Uhling deal, and Kneeland and Stensland agreed to allow Kloke $100 for his services, and to pay plaintiff $75 for his -services; that while they were in Bloomfield, and at Kneeland’s request, plaintiff advanced and paid this $100 to Kloke, and Kneeland agreed to deposit the amount. in [500]*500the defendant bank to plaintiff’s credit on ’his return to Wall, and also the amounts plaintiff had expended in making" the trip to Bloomfield; that before leaving Kneeland told plaintiff to have the floor of the house painted, and the sink and cellar fixed, and he would reimburse him for the expense; that when the trade was made Kloke agreed with Kneeland to drive the Uhling car to Wall, without charge, the next Sunday; that Kneeland agreed to pay Kloke’s expenses to Wall and his car fare 'back to Bloomfield; that it rained, and Kloke was prevented from driving the. car to Wall. At the time the deal was closed it was thought by both parties that the house and lot could be sold in a short time for enough to get back the money invested, which would leave the automobile as clear profit. No purchaser for the house and lot or automobile was found, however, and Kneeland complained to plaintiff of the delay, and about March x, 1912, plaintiff and Kneeland met at Wall and made an- oral agreement that plaintiff rake the house and lot and automobile, and dispose of them as he saw fit, and get or borrow enough money to reimburse, the bank for what it had invested in the deal, and that Kneeland also should' have the right to sell for that purpose if he could. Under this arrangement, plaintiff was to have such extensions of time to raise the money as were necessary. Pursuant to this understanding, plaintiff deeded the house and lot to the bank and took back a contract dated February 2, 1912, to repurchase the property on or before April 1, 1912, upon payment of $400, the amount coming to the bank. The automobile remained in plaintiff’s possession. The latter part of March, 19x2, plaintiff wrote the 'bank saying he had been unable to raise the money, and asked an extension. In reply Stensland, on April 2, 1912, ignoring the request for an extension, wrote plaintiff that the bank wanted ■to buy a car, and asked him to put his lowest price on the automobile, and, ship it to, Wall, and if the car was all right and the price right, they would buy it; to ship, the car with extra tires and everything complete. On March 6, 1912, plaintiff wrote in reply that the car was worth, $700, but that he would deliver R in Wall in first-class -condition for $600, and that -deliver)/ wo-ukl1 net him about $500. A little later plaintiff wrote Stens-land that, the expense of 'shipping ithe -car would be greater than he 'had anticipated, and asked Stensland to come down and look the car over and see [501]*501whether it suited him, and, if it did, the car could be run up to Wall for 'half what it would cost to. ship it; that Harry Fuller could run it up to Wall. In reply Stensland telegraphed plaintiff to start Fuller with the car at once, and to wire him. In reply plaintiff wired and wrote that the roads were muddy, would start the car as soon as posible, but would rather have Stensland come down and go back with the car, and said:

“I would .want all the notes and sent me here, as I may not be up for some 'time, as I do not look for any one to leave ■here for at least a month, and I will let you have the car for $500 net to me, as that is cheap for the car.”

On April 24, 1912, plaintiff wrote that he had just started Fuller and another person- with the car, and it would arrive the 26th or 27th, and said:

“Now you deliver all notes, deed, and bill of sale you can keep, as that will do in this deal, and make out draft for all over what'T owe your bank.

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Bluebook (online)
162 N.W. 152, 38 S.D. 497, 1917 S.D. LEXIS 50, Counsel Stack Legal Research, https://law.counselstack.com/opinion/kennedy-v-first-state-bank-of-wall-sd-1917.