State v. Lovan

151 S.W. 141, 245 Mo. 516, 1912 Mo. LEXIS 251
CourtSupreme Court of Missouri
DecidedNovember 13, 1912
StatusPublished
Cited by5 cases

This text of 151 S.W. 141 (State v. Lovan) 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
State v. Lovan, 151 S.W. 141, 245 Mo. 516, 1912 Mo. LEXIS 251 (Mo. 1912).

Opinion

FERRISS, J.

— Defendant was convicted in the criminal court of Jackson county, on an information charging him with the crime of obtaining property by false pretenses, and sentenced to two years in the penitentiary. The information charges that defendant, with intent to defraud one George F. Hannay, did falsely, etc., represent to said Hannay that he, the defendant, and the Ernest Lovan Investment Company, owned in fee simple, and free and clear of all incumbrances, several parcels of real estate, described in detail in the information, and that said Hannay was the owner of certain capital in certain corporations, set out in detail. The information then proceeds as follows:

“That said Lovan, then and there, offered and proposed to him, the said Geo. F. Hannay, that he, the said Lovan, would then and there trade, transfer and convey to him, the said George F. Hannay, one-half of the capital stock of said Ernest Lovan Investment Company, a corporation as aforesaid, and would then and there trade, transfer, and by good and sufficient warranty deed convey to the said Ernest Lovan Investment Company, one-half of the real estate above described,. in exchange for the said shares of stock of Palace Stable Company, a corporation as aforesaid, and said shares of stock in Fashion Stable Company, a corporation as aforesaid, owned by said Hannay, as aforesaid.
“That said Hannay, believing the said Ernest Lovan and the Ernest Lovan Investment Company to be the owners of said real estate, described as aforesaid, and believing the said false and fraudulent statements of said Lovan in that behalf made as aforesaid, to be true, and relying thereon and being deceived thereby, was induced by reason thereof to assign, con[525]*525vey,. transfer and deliver, and did then and there assign, convey, transfer and deliver to the said Lovan all of said shares of stock in said Palace Stable Company and the said'Fashion Stable Company, as above set forth and described, by him, the said Hannay, owned as aforesaid, in exchang-e for one-half of the capital stock of said Ernest Lovan Investment Company, and one-half of interest in the real estate above mentioned and described, which he, the said Ernest Lovan, did then and there pretend to assign and convey to him. the said George F. Hannay:
“Whereas, in truth and in fact, neither the said Ernest Lovan nor the Ernest Lovan Investment Company was then and there the owner of, nor had they, or either of them, any title or claim whatsoever to the said real estate, or any part thereof, as hereinbefore described and referred to as tracts 1, 2, 3¡, 4 and 6, except that said Ernest Lovan was lessee in a lease, for a period of ninety-nine years, covering the land mentioned and described in tract 1; and whereas in truth and in fact the said Ernest Lovan and the said Ernest Lovan Investment Company, or either of them, were not then and there the owners of the land in Morgan county, Missouri, hereinbefore mentioned and described, referred to and designated as tract No. 5, free and clear of all incumbrances whatsoever, but the said land and every part thereof was then and there incumbered with a valid and subsisting mortgage lien of fourteen hundred dollars, by virtue of two deeds of trust, both dated July 3, 1909, executed by J. E. Snodgrass to S. E. Berry, to secure the payment of two promissory notes of even date for six hundred dollars and eight hundred dollars respectively, the former due nine months after its date, the latter due one year after its date, both notes drawing interest at the rate of seven per cent per annum; said mortgages being of record in the office of the recorder of deeds in Mor[526]*526gan county, Missouri, in book 21, page 396, all of wbicb he, the said Ernest Lovan, then and there well knew.
“And so the prosecuting attorney says, upon his oath aforesaid, that he, the said Ernest Lovan, by means of the said deception and false and fraudulent statements and pretenses, so made as aforesaid, then and there unlawfully, knowingly and fraudulently and feloniously did obtain of and from him, the said G-eorge F. Hannay, the shares of the capital stock of the Palace Stable Company and the said shares of the capital stock of the Fashion Stable Company, as above described, and of the aggregate value of $17,714.28; against the peace and dignity of the State.”

The State introduced in evidence the following written contract:

“This contract and. agreement entered into this 9th day of April, 1910', by and between Ernest Lovan, of Kansas City, Missouri, hereinafter called party of the first part, and Gr. F. Hannay, of Kansas City, Missouri, hereinafter called the party of the second part, witnesseth:
“That whereas, the party of the first part is now engaged in the general real estate and brokerage business, having offices at 517-521 Finance Building, Kansas City, Missouri, and whereas it is his intention to enlarge his business, giving more attention to the handling of farms and lands, and desiring to associate with him the party of the second part, and with this end and purpose in view, the party of the first part binds himself and guarantees to do as follows:
‘ ‘ First. That he will transfer to party of the second part one-half of the stock of the Ernest Lovan Investment Company, an incorporation under the laws of Missouri.
Second. That party of the first part will convey to said Investment Company for the use and benefit of said company the real estate and personal property hereinafter described, guaranteeing that each and [527]*527every tract of land specified is free and clear of all incumbrances, save and except such incumbrances as may be noted at this time, and that the valuation placed by the party of the first part against each separate tract, piece or parcel of land is a fair and just cash valuation, and that it will and must net the company at least a profit of five thousand dollars within a reasonable time.
“Description of Property
“Clear and free from Incumbrance.
“Flat property located No. 575 Oak St., Kansas City, Missouri.............$6000.00
4 cottages, 100 feet ground (front), Topeka, Kansas.....................$2000.00
640 acres, McPherson county, Nebraska. .$6400.00
280 acres, Morgan county, Missouri.....$3500.00
166 2-3 acres, Morgan, county, Tennessee! 500.00
40 acres, Newton county, Missouri......$1500.00'
40 acres, Orange county, Indiana........$ 500.00
2 lots, Ft. Scott, Kansas...............$ 300.00
Merchandise in store room at 10th & Bar-field.........................'...$1000.00
Office furniture and fixtures.............$ 400.00
160 acres, Logan county, Kansas, value $2000; Mtg. $500, Equity...........$1500.00
160 acres, Harper county, Oklahoma, value $2500; Mtg. $1000, Equity..........$1500.00
80 acres, Dallas county, Missouri, value $1000; Mtg. $500, Equity...........$ 500.00
100 ft. Virginia Ave., Kansas City, Missouri, value $2000; Mtg.

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Bluebook (online)
151 S.W. 141, 245 Mo. 516, 1912 Mo. LEXIS 251, Counsel Stack Legal Research, https://law.counselstack.com/opinion/state-v-lovan-mo-1912.