Loose v. Cooper
This text of 118 N.W. 406 (Loose v. Cooper) is published on Counsel Stack Legal Research, covering Supreme Court of Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
On November 23, 1901, plaintiff and defendant entered into a written contract whereby the defend[378]*378ant agreed to sell to the plaintiff certain stock in the Fidelity Insurance Company for an • agreed price of $11,250, to be paid, with 5 percent interest, at the rate of $125 per month. Other provisions were contained in the contract which need not be noticed here. The contract provided for liquidated damages in the sum of $21,750. The plaintiff has brought this action for such liquidated damages. The defendant has filed a counterclaim for $20,550 as damages for breach of contract. The plaintiff filed his petition on April 22, 1902. The defendant filed his answer and counterclaim on May 12, 1902. The plaintiff filed his reply denying the counterclaim on May 16, 1902. No further proceedings of any kind were ever had in the case until June 29, 1907, and on that date the district court on its own motion dismissed .the case at plaintiff’s cost. Afterwards, on September 9, 1907, the plaintiff filed a motion to reinstate the case, and.on September 18, 1907, this motion was by the court overruled. The plaintiff appeals.
[379]*379
Appellant cites the case of Hensley v. Davidson Bros., 135 Iowa, 106. That case and the one at bar are not at all parallel. The power of the court to set aside a verdict on its own motion was conceded in that case. It was held, however, that the only possible ground of the court’s action in that case was- the insufficiency of the evidence. Inasmuch as this court had in a former appeal held that the evidence was sufficient to sustain a verdict for the plaintiff, it was held that the lower court was not justified in ignoring the decision of this court, and its action was therefore reversed. No such question is involved in the ease at bar. The court below was acting within the limits of a broad discretion which it was required to exercise fairly. We can not say that, under the circumstances appearing in this case, the court abused that discretion.
The contract sued on in this1 case seems to have been drawn with such skill as to afford to each party a substantial cause of action against the other. The parties were prompt in going into court and in making up the issues. If in fact the defendant had notice of plaintiff’s [380]*380motion to reinstate, he made no resistance to it. He appears to have been served with notice of appeal to this court, but be makes no appearance. Tbe’ circumstances surrounding tbe case are such as to fairly warrant a belief that tbe issues presented by tbe pleadings were fictitious and perhaps collusive, and that the records of the court were being used for ulterior purposes. — Affirmed.
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118 N.W. 406, 141 Iowa 377, Counsel Stack Legal Research, https://law.counselstack.com/opinion/loose-v-cooper-iowa-1908.