Shaw v. Palmer

224 P. 106, 65 Cal. App. 441, 1924 Cal. App. LEXIS 599
CourtCalifornia Court of Appeal
DecidedJanuary 25, 1924
DocketCiv. No. 2643.
StatusPublished
Cited by15 cases

This text of 224 P. 106 (Shaw v. Palmer) is published on Counsel Stack Legal Research, covering California Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Shaw v. Palmer, 224 P. 106, 65 Cal. App. 441, 1924 Cal. App. LEXIS 599 (Cal. Ct. App. 1924).

Opinion

HART, J.

This is an action in conversion 'and involves the question of the alleged wrongful conversion by defendant of five shares of stock in the Associated Oil Company, a corporation.

The complaint alleges that the certificate of said shares of stock was on or about the -eighteenth day of December, 1920, the property and in the possession of the plaintiff, but that on the said eighteenth day of December, the defendant “wrongfully took the said certificate from the possession of plaintiff and converted and disposed of it to his own use, to the damage of plaintiff in the sum of five hundred dollars.” It is alleged that, at said time-, the said certificate of stock had been indorsed in blank by the plaintiff. The prayer is for judgment for the sum named, with interest, etc.

The answer specifically denies the -averments of the complaint, and -alleges that the defendant, during 'all the time mentioned in the complaint, was, “and is now,” the owner and entitled to the possession of the said certificate of stock and the shares of the capital stock in the said Associated Oil Company covered thereby; that long prior to- the commencement of this action “the said plaintiff transferred and conveyed all the right, title and interest he ever had in and to said certificate.” The following special defense is set up: That, prior to the eighteenth day of December, 1920, one Mary Jane Shaw, was the owner and entitled to the possession of the -said certificate of stock; that s-aid Mary Jane Shaw died testate, in the county of Sonoma, state of California, prior to said eighteenth day -of December, 1920; that her last will and testament was thereafter duly probated, -and that on the thirty-first day of May, 1921, a decree of distribution of her estate was regularly made and entered; that in and by said decree of distribution, the said certificate of stock was distributed to the defendant, and that “thereupon he became, and ever since- has been, aaid is now, the owner thereof, and the said decree of distribution is final and conclusive and the same has never been modified, annulled, or *443 revoked, and no appeal lias ever been taken therefrom, and the said Mary Jane Shaw, above mentioned, was the wife of said plaintiff.”

It appears that the defendant was the son of the deceased by a former husband; that the plaintiff prior to his intermarriage with the deceased, some thirty or more years prior to her decease, had been married to another, -and that nine children were the result of that union; that the real property owned by the deceased had, several years prior to her death, been given and transferred to her by the plaintiff. It further .appears that the stock in controversy was issued to the plaintiff and that it was indorsed in blank by him immediately upon its issuance and delivery to 'him.

By her will, the deceased devised to the defendant the real property mentioned and described therein, subject, however, to a life estate in said property to the plaintiff, 'and bequeathed to the sons and daughters of the plaintiff by his former marriage the aggregate sum of four thousand dollars, to be divided equally among them. Bequests of certain other stock were made to the defendant 'and one Stephen Meeker. The will made no mention or reference to the stock in dispute. Nor was it included among the assets of the estate as returned or reported in the original inventory. The will did not name a residuary legatee, all of the property of the deceased mentioned in the will being thereby specifically disposed of.

There was testimony that, after the petition for the settlement of the final account and final distribution of the estate had been filed, the certificate of stock in question was for the first time discovered, and the defendant testified that it was found in a tin box belonging to the deceased, in which her will had previously been found, and which was in the possession of a bank at Sebastopol, Sonoma County, where it had always been kept by the deceased in her lifetime. Claiming that the stock was the property of the deceased, notwithstanding that it was in the name of the plaintiff, the defendant, as executor of the will of deceased, took possession thereof, and, by supplemental proceedings, caused the stock to be inchided in the inventory (sec. 1451, Code Civ. Proe.), and the decree of final distribution was, accordingly, so amended as that said stock was distributed to the defendant as the “residuary legatee,” contrary to the terms of *444 the will, there being, as seen, no residuary legatee mentioned in the instrument.

It was shown that, on the twenty-second day of January, 1921, shortly after the filing of the petition for the probate of the will of the deceased, the plaintiff and the defendant entered into an .agreement, in writing, whereby it was mutually agreed that the plaintiff would relinquish and surrender whatever interest he had or might claim in and to the estate of tire deceased, upon the consideration that the defendant would provide and furnish the plaintiff a suitable home “.and necessary provision” for his natural life, on the premises known as the “Shaw Home Place,” and also pay to the .children of the plaintiff by his former wife the legacies provided for them in the will of the deceased.

The court found that this agreement was carried out by the defendant. This, however, would, in any event, be of little consequence in the decision of this case, since the terms of the agreement are in harmony with the terms of the will. Indeed, the agreement could not have any application to any property which was not specifically mentioned in the will or included in the inventory at the time that the agreement was made, it appearing that the agreement was made on the twenty-second day of January, 1921, and that the original inventory, while made on January 21, 1921, was not filed until January 27, 1921, and it also appearing, as has been shown, that there was no residuary clause in the will of the deceased.

The court also found that the petition for a decree of final distribution of the estate was duly and regularly filed and due legal notice of the time and place fixed for the hearing thereof given and on the day and at the time so fixed the said matter came on for hearing and that no person appeared to interpose any objection to or protest against the final account and decree, or filed any written objections thereto; -that the final account was thereupon settled and ■tihe decree .entered. The -court found as a fact and concluded as a matter of law that the said decree was and has been from the time of its entry final and conclusive as to plaintiff and all other persons, “and by reason thereof the said plaintiff is estopped from asserting any title to the said certificate of stock and from maintaining this action.”

*445 Judgment passed accordingly and a motion for a new trial was denied. The appeal is by the plaintiff from the judgment. The issues of fact to which evidence was addressed in the -court below were as to the ownership of the stock and, as incidental to that question, or -as bearing more or less upon the question of ownership, whether the certificate of stock in dispute was, after the death of the deceased, found in the tin box belonging to her and which was held for her by the bank.

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Cite This Page — Counsel Stack

Bluebook (online)
224 P. 106, 65 Cal. App. 441, 1924 Cal. App. LEXIS 599, Counsel Stack Legal Research, https://law.counselstack.com/opinion/shaw-v-palmer-calctapp-1924.