White v. Oliver

1935 OK 683, 49 P.2d 147, 173 Okla. 559, 100 A.L.R. 1461, 1935 Okla. LEXIS 486
CourtSupreme Court of Oklahoma
DecidedJune 11, 1935
DocketNo. 25915.
StatusPublished
Cited by2 cases

This text of 1935 OK 683 (White v. Oliver) 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
White v. Oliver, 1935 OK 683, 49 P.2d 147, 173 Okla. 559, 100 A.L.R. 1461, 1935 Okla. LEXIS 486 (Okla. 1935).

Opinion

PER OIIRIAM.

This is an appeal from a judgment upon the pleadings rendered in favofi of the defendant in error, B. Oliver, plaintiff below, against the plaintiff in error S. J. King and others, defendants below All the defendants appear to have abandoned their appeal except the defendant S. J. King.

The note sued upon reads as follows:
“No._ $1,500.00
“Okemah, Oklahoma, January 15th, 1933.
“On the 15th day of October, 1933, for value received, I, we, or either of us, promise to pay to the order of B. Oliver the sum of fifteen hundred and no/100 dollars payable at the First National Bank, Okemah, Okla., with interest from date at the rate of 10 per cent, per annum payable annually, and costs for collection. If this note is not paid when due the interest becomes a part of the principal and draws the same rate of interest.
“Should this note be placed in the hands of an attorney for collection $150 shall bo allowed as attorney’s fee and an additional 10 per cent, to be added and taxed with the costs whether it goes to judgment or not. and the holder may sell at public or private sale, without notice, any and all collaterals held as security for this note, at any time, and credit the proceeds thereof on the note, or collect collateral by law and apply the proceeds as aforesaid. All the makers, sureties and indorsers hereto, hereby waive appraisement, notice of extensions, nonpayments and protest and agree that any extensions of the time made hereon, or renewals hereof,, shall not affect their liability whether they have notice of such extensions or renewals or not.
"(Signed) C. L. White
“J. E. Neal
“H. O. Glaze
“E. Johnson
“John Glover
“S. J. King 6 S. O.
“II. O. McCormick.”

The .verified answer of the defendant King admits th,e execution of the note shed Upon, and further' states in substance that some time prior to the execution of said note, he and the, other defendants bought certain stock in the Farmers & Merchants Bank at Boley, Okla., for which they became liable to pay $5,000; that said stock was issued to the defendant C. L. White, and that it was to be divided and owned by the defendants in certain respective proportions set out in the answer, the share of the defendant S. J. King being stated as $500; that the $5,000 consideration for said stock was borrowed by them from the First National Bank of Okemah, Okla.; that thereafter the defendants paid $3,500 upon said obligation, leaving an unpaid balance of $1,500; that the various defendants owed certain specific amounts or shares of said balance, each share being separately set out in the answer, and the share of the defendant King being stated as $150; that for the purpose of paying the said $1,500 balance the defendants borrowed from the plaintiff, B. Oliver, the said sum of $1,500; that the plaintiff agreed to advance the said sum of $1,500 and take as evidence of the indebtedness the promissory note of the defendants, should it be understood and agreed that each of the de-' fondants should become liable to the plaintiff for the sum of money that each owed upon said total amount, but that for convenience only one note was executed for said sum of $1,500, it being signed by all the defendants; that it was expressly understood and agreed that the liability of each defendant should be limited to the amount owed by him upon the stock hereinbefore mentioned, and that the defendant King • should be liable for only the sum of $150, and the other defendants should be liable for such sums as were individually. owed by them; that it was further agreed at the time of the signing of said note that no one of the signers should be or become surety ■for or liable to the plaintiff for the amount owing by any other defendant upon such obligation; that the defendant S. J. King so informed the plaintiff at the time he signed the said note, and that said defendant signed the note in the following manner: “S. J. King 5 S. O.,” explaining to the plaintiff that the term “5 S. O.” meant that he was binding himself for the balance due on 5 shares only of the stock that the defendants had bought, the said stock being issued in shares of the par value of $100 each, and that said defendant became indebted to the plaintiff in the sum of $150, with its accumulation of interest and its proportional part of the costs. .The defendant prays that the plaintiff take judgment against him for no more than the sum of $150 with its accumulation of interest and costs.

All the defendants filed answers similar in form to that of the defendant King, buf *561 varying as to the amounts admitted to be ■due from each.

The court sustained a motion by the plaintiff for judgment on the pleadings, and rendered judgment in favor of the plaintiff and against the defendants for the sum of $1,500, interest, attorney’s fee, and costs; the journal entry of the judgment reciting:

“The court finds from the pleadings that on the 15th day of January, 1933, the said defendants and each and all of them severally and jointly made, executed and delivered to said plaintiff their several and joint promissory note for a valuable consideration, in the sum of $1,500, bearing interest at the rate of ten per cent, per annum, payable on the 15th day of October, 1933; * *. * that no part of said note or interest has been paid; and that the separate answers of the defendants wholly fail to state a defense to the action and petition of the plaintiff. * * *” •

The defendant S. J. King contends that the trial court erred (1) in sustaining the plaintiff’s motion for judgment on the pleadings and in rendering judgment against the defendant S. J. King; and (2) that the trial court erred in finding in its judgment on the pleadings that the defendant S. J. King was a surety for the other defendants and was individually liable for the entire sum, and that the pleadings do not support such judgment.

As said by this court in Mires v. Hogan, 79 Okla. 233, 192 P. 811:

“A motion for judgment on the pleadings is of the nature of a demurrer, is governed by- the rules applicable to a general demurrer, and admits every material fact properly stated in the pleadings.”

Aside from the written abbreviation “5 S. O.,” the wording of the allegations of defendant’s answer, in our opinion, justifies the conclusion that he intended to allege an oral understanding or agreement that the liability of the defendant upon the note in question was limited to $150, for no written contract is disclosed by the record other than the note sued upon, and the defendant states in his answer:

“That this answering defendant so informed the plaintiff 'at the time he signed the said note, and signed the said note in the following manner, to wit: ‘S. J. King 5 S. O.,’ and explained to the pláintiff that the term '5 'S. O.’ meant that he was binding himself for the balance due on five shares only of the stock that the defendant had bought, the said stock being issued in shares of the par value of $100 each.”

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Cite This Page — Counsel Stack

Bluebook (online)
1935 OK 683, 49 P.2d 147, 173 Okla. 559, 100 A.L.R. 1461, 1935 Okla. LEXIS 486, Counsel Stack Legal Research, https://law.counselstack.com/opinion/white-v-oliver-okla-1935.