Court Opinion

ID: 3287049
Source: CourtListenerOpinion
Date Created: 2016-07-05 17:02:03.545244+00
Date Added: 2024-06-11T12:18:23.827698
License: Public Domain

The facts in this case are essentially the same as those inFlores v. Toffelmier et al., ante, p. 339 [275 P. 824]. The allegations of the complaint and the findings of the court are about the same. The main differences are that this plaintiff purchased stock in the San Leandro Canning Company, Inc., on the second and fifth days of May, 1921, respectively, and from one Lee Mills, not from any of the defendants. The said Mills was an agent working for two of the defendants only. This action was filed in July, 1924, was tried jointly with the Flores case above mentioned, and two other cases this day decided, and this appeal is from a similar judgment in favor of the defendants. Appellant claims that he purchased stock because of representations contained in the printed prospectus discussed in the case ofFlores v. Toffelmier et al., supra, and the case of Brewis
v. Toffelmier et al., ante, p. 329 [275 P. 819]. The defendants denied having authorized the use of the said prospectus after November, 1920. The court decided, upon sufficient evidence, that the representations *Page 343 
aforesaid were true, and not false. The only exception is in the matter of not paying commissions. If this be regarded as a continuing misrepresentation, or if it was actually used in May, 1921, by authority of the defendants, and if it be a material false representation, there is evidence that the appellant herein did not believe the same. The record shows that he testified that at the time he understood the salesman got a commission out of the stock he bought. [1] Having thus discovered the falsity of this particular representation, which he says he considered so important, he was put on his guard as to any other misrepresentations. These facts, with those referred to in the cases of Flores v. Toffelmier et al., supra, and Brewis v.Toffelmier et al., supra, support the finding of the trial court that the misrepresentations complained of were not made, were not relied upon, were in any event barred by the statute of limitations, and that no conspiracy existed.
For the reasons set forth herein, and in the two cases just named, the judgment is affirmed.
Tyler, P.J., and Knight, J., concurred.
A petition for a rehearing of this cause was denied by the District Court of Appeal on April 1, 1929, and a petition by appellant to have the cause heard in the Supreme Court, after judgment in the District Court of Appeal, was denied by the Supreme Court on April 29, 1929.
All the Justices present concurred. *Page 344