Court Opinion

ID: 9831911
Source: CourtListenerOpinion
Date Created: 2023-09-01 21:28:38.130694+00
Date Added: 2024-06-11T07:43:39.376745
License: Public Domain

On Second Motion for Rehearing.
The opinion filed herein on original motion, for rehearing, on January 17, 1934, will be withdrawn and this substituted therefor.
The agreed statement upon which the appeal whs submitted in this court is presumed to embrace every fact in the case, and no other facts or findings may be presumed or inferred, except such facts as are necessarily implied from those expressly stipulated. Article 2280, R. S. 1925; Rogers v. Gould, 20 Tex. 437; Missouri, K. & T. Ry. Co. v. Fisher (Tex. Civ. App.) 47 S. W. 284 (writ refused).
The ultimate effect of the contract between the parties, according to the agreed statement, was that they should participate equally in the net proceeds of the sale of the crop involved, to be collected and distributed by appellant. In this instance the proceeds were evidenced by a check upon a Chicago bank, which was placed in the San Benito bank by appellant for collection in due course, in accordance with the usual custom of the parties. The stipulated facts force the implication that while the check was in course of collection the collecting bank failed, thus tie-ing up the proceeds of the sale, and suspending the power of appellant to distribute the fund until the amount, whether in whole or in part, is salvaged from the wrecked collecting bank. Appellee’s right to participate in the proceeds depends upon the amount thus salvaged, as and when ascertained by the liquidator of the bank.. .
Appellee’s second motion for rehearing is overruled.