Summers v. Williams

1927 OK 406, 260 P. 1064, 128 Okla. 9, 1927 Okla. LEXIS 351
CourtSupreme Court of Oklahoma
DecidedNovember 8, 1927
Docket17458
StatusPublished
Cited by6 cases

This text of 1927 OK 406 (Summers v. Williams) is published on Counsel Stack Legal Research, covering Supreme Court of Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Summers v. Williams, 1927 OK 406, 260 P. 1064, 128 Okla. 9, 1927 Okla. LEXIS 351 (Okla. 1927).

Opinion

BENNETT, C.

A civil action tried in the district court of Muskogee county. From judgment for the defendants on cross-petition, the plaintiff brings the case here for review. The parties will be referred to as plaintiff and defendants as they were designated in the court below.

Plaintiff’s petition alleged that defendant Sam Wiliams and his wife, Cora, the latter now deceased, executed and delivered to plaintiff their promissory note under date of January 4, Í919, for the principal sum of $500 due and payable October 1, 1919, and at the Same time the same parties executed and delivered to plaintiff a mortgage covering property located in the town of Haskell, Muskogee county, Okla., as security for the payment of said note; that the terms and conditions of said note and mortgage have been broken in that the note and mortgage are long since past due. Plaintiff demands judgment on the note and for foreclosure of the mortgage.

The defendants in due time filed their answer and cross-petition denying the material allegations of the petition, admitting the execution of the note and mortgage described in plaintiff’s petition, but alleging that the same has been paid in full.

*10 The cross-petition alleged that on January 17, 1920’, Sam Williams and his wife executed and delivered to plaintiff their promissory note in the sum of $800, which was partly secured by a mortgage executed and delivered by said, defendants to plaintiff, and covering certain personal property and a certain cotton crop for the year 1920, and that Sam Williams was indebted to plaintiff on January 17, 1920, in the sum of $1,300; that in the fall of that year, at the plaintiff’s demand they turned over to said plaintiff their entire cotton crop, which was ginned and baled, and that the plaintiff agreed with defendants Jo accept and purchase said cotton, at the market price during the month of October of that year; that the cotton was of high grade, and that the reasonable market value thereof was $2,-000; that thereafter defendants demanded a settlement of plaintiff and the surrender and cancellation of their notes, together with the difference then owing them arising from the sale of said cotton; that plaintiff finally delivered to defendants the note for $800,. but that the plaintiff refused to account to them for the difference between said notes and the value of said cotton, and they al-. lege that the plaintiff is justly indebted to them in the sum of $700, the difference between said notes and the value of said cotton. They ask judgment therefor,, together with interest from October 1, 1920.

Plaintiff files his reply admitting the execution of the $800 note referred to in defendants’ answer, and that the said defendants delivered to plaintiff their cotton cropi for the year 1920, amounting to 8,637 pounds of lint cotton, but denies that the plaintiff agreed to purchase the same at the October, 1920, market price, or at any other stipulated price, but alleges that it was agreed between said plaintiff and said defendants that the cotton should remain in the possession of the plaintiff until such time as they together should agree upon the sale of the same; that the plaintiff was entitled, to one-fourth and said defendants to three-fourths interest in the cotton, and that in March, 1921, plaintiff purchased from said defendants their interest in said cotton at an agreed price of 8 cents per pound amounting to $518.22, and that he advanced to defendants various sums of money aggregating $537.25, and a further sum of $38.64 cash rent for corn land in 1920.

Plaintiff further avers that one A. Besh-ara, a merchant of Haskell, Okla.. held a second mortgage on said cotton crop given him by said Sam Williams and wife to secure a promissory note due in the fall of 1920, and that after the purchase by plaintiff of defendants’ interest in the cotton, Beshara sued upon said promissory note and for foreclosure of his second mortgage; and that the plaintiff was compelled to and did pay in settlement of a judgment therein secured the sum of $175, for which plaintiff demands judgment against said defendants. Further replying plaintiff says that there is a balance of $378.70 on the $500 note referred to above.

Plaintiff admits that the defendant Sam Williams executed to him his promissory note in the sum of $800 on January 17, 1920, and that the same was secured by a mortgage on crop, span of mules, horse and buggy; admits that the defendants paid plaintiff the proceeds from sale of mules, $500, and from horse, buggy and harness, $250, and. $27.50 in cash in March, 1925, and) prior to the purchase of said cotton by plaintiff from said defendants. Wherefore, plaintiff demands judgment for $443.05 due on account and interest, and a judgment and decree of foreclosure of the mortgage sued on, a balance of $379.20.

The following reflects the testimony: Plaintiff testified, in substance, that said defendants delivered to him the $500 note January 4, 1919, due October 1, 1919: that the $266 had been paid thereon leaving a balance of $234 secured by mortgage on lots in the town of Haskell; that, subsequently, the defendants gave plaintiff his second note for $800, which was not connected in any way with the $500 note, but was for corn and supplies in 1920; that the $800 note was paid; that defendants paid plaintiff by wagon and team $500, horse and buggy $250, and 16 bales of cotton at 8 cents per pound; that in the fall of 1920 the price of cotton was declining; that the defendants! did not know whether to sell or not; that defendants wished to leave the cotton at the gin, but finally brought it to plaintiff’s yard; plaintiff promised to become responsible for it; that when cotton was first picked it was worth from 25 to 30 cents per pound, but kept going down until it got as low as 7 cents per pound, at which time plaintiff offered and defendant accepted 8 cents per pound for the cotton; that the defendants at that time were thinking of going to Texas and were considerably indebted to plaintiff, who was willing to take a chance on buying the cotton at eight cents; plaintiff’s books of account are introduced showing the various transactions between plaintiff and defendants. Plaintiff, on cross-examination, said that he furnished, the defendants $1,478.02 altogether, and that *11 be purchased the cotton from defendants in March, 1921, getting 16 bales, one-fourth , which belonged to plaintiff as his rent.

W. N. Cantaberry, a cotton buyer, knew the market price of cotton in the fall of 1920; that in September cotton was worth $27.65 per 100, about October 1, 21 cents, October 25, 20 cents, and that the prieei kept going down until it reached ten and( then eight cents per pound; that cotton waá| late in picking that year, and was gathered along in January, February, and March, 1021. W. S. McCoy was present when defendant went to plaintiff and sold him the cotton. Did not remember the price as he was not interested. Miss Beasley: In the fall of 1920-21 was working for Beshara, Brothers, and that defendant Williams told) her in March that he had sold his cotton to plaintiff and was going to Mexico.

Defendant in his own behalf testified, in substance, as follows: That he executed the $500 note, but that the same had been paid off in the fall of 1919, at the Haskell National Bank. Defendant hauled cotton and applied the proceeds of same to the payment of said note until the same was fully, discharged; made payments on the note when Mr.

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Bluebook (online)
1927 OK 406, 260 P. 1064, 128 Okla. 9, 1927 Okla. LEXIS 351, Counsel Stack Legal Research, https://law.counselstack.com/opinion/summers-v-williams-okla-1927.