Court Opinion

ID: 7934185
Source: CourtListenerOpinion
Date Created: 2022-09-08 23:07:45.361525+00
Date Added: 2024-06-11T16:33:18.920731
License: Public Domain

Champlin, J.
In 1884, Murphy and Craig made a joint purchase of two boilers and other property. The property was to be sold, and the proceeds divided equally between them.
Soon after the purchase one of the boilers was sold, and they received therefor another boiler, some cash, and a note. The cash and note were properly and satisfactorily divided in a settlement had between the parties a short time after they had disposed of the boiler. Later on defendant, Craig, *156sold the other of the boilers originally purchased to the Algonac Salt Company for $1,250 in the capital stoek of the company. The boiler was delivered by Craig, and the stock issued to him. The sale was made without the knowledge of plaintiff, Murphy, and, after he ascertained the fact, he requested Craig to deliver to him one-half of the stock, being the proceeds of such sale, which Craig absolutely refused to do. They remained the joint owners of the boiler received on the sale of the first boiler, and some other articles of personal property purchased at the time they purchased the two boilers.
This action was brought in assumpsit to recover the damages sustained by the plaintiff by reason of defendant’s refusal to divide the proceeds received by him on the sale of the boiler to the Algonac Salt Company.
The declaration contains two special and the common counts.
On the trial the sale of the boiler in question by Craig and his receipt of the stock were fully proven. Plaintiff also testified to a statement or admission of defendant that the stock so received by him was worth 100 cents on the dollar, and that he had received $1,250 in stock. There was other testimony tending to show the value of the stock, and that it was worth its par value.
At the close of the testimony the counsel for plaintiff requested the court to instruct the jury to give a verdict for the plaintiff for the value of one-half of the stock, at $25 a share.
The defendant asked the court to instruct the jury to render a verdict for the defendant upon the ground—
1. That it appeared from the testimony that there waS a partnership existing between the parties, which cannot be settled in a suit at law, and at time the demand was made for this stock it was only a part'of the joint ownership or partnership property not disposed of.
*1572. That even though it was not a partnership, they were joint owners of this property, and no recovery could be had in this action until the plaintiff shows that the defendant has sold the property, and received in money or money’s worth something for it.
. The court directed a verdict fot the defendant on the ground that the value of the stock had not been satisfactorily shown; and, further, the declaration being in assumpsit, the defendant was entitled to recover. '
The court erred. The plaintiff declared for and sought to recover damages in assumpsit for breach of the contract entered into, by which it was agreed that the boiler should be sold and the proceeds divided. He showed that the defendant had'sold the boiler, and received $1,250 in the stock of the salt company, and under his agreement he was to divide this equally with the plaintiff, which he refused to do. This was a breach of the contract, and the plaintiff was entitled to recover as damages what one-half of the stock was worth. The admission of Craig that it was worth 100 cents on the dollar, which testimony was uncontradicted, was sufficient evidence of its value to authorize a verdict for $625, and interest from the time of the breach. The testimony did not show a partnership between the parties.
The judgment must be reversed, and a new trial granted.
The other Justices concurred;