Court Opinion

ID: 3547594
Source: CourtListenerOpinion
Date Created: 2016-07-05 23:00:04.826247+00
Date Added: 2024-06-11T13:56:10.129430
License: Public Domain

The facts fully appear in the following statement by the justice delivering the opinion:
Action to recover one thousand and eleven dollars and ninety cents alleged to be due on a certificate of deposit issued by defendant, and for one hundred and fifty dollars, subsequently deposited with it. Verdict and judgment for the plaintiff.
The following are the instructions refused by the court: (1) "The party dealing with an agent is bound to know at his peril whether the power of an agent is, and to understand its legal effect." (2) "If the jury believe that the signature of the plaintiff on the back of the certificate of deposit is genuine, and the agency of the Bank of Nevada, for defendant, paid it on presentation in due course of business, the defendant is not liable."
There being no motion for new trial, we are not permitted to review the evidence to ascertain whether it supports the verdict. The only points open for consideration here are those concerning the refusal of the court to give two instructions asked by the defendant.
1. We must suppose that the first instruction is correctly set forth in the transcript (State v. McGinnis,5 Nev. 337), and if so, it was properly refused as being unintelligible.
2. So far as the action is based on the certificate of deposit, the material facts as alleged in the complaint are that while the defendant, a corporation, was doing a banking business at the city of Virginia, Nevada, the plaintiff deposited in the bank one thousand and eleven dollars and ninety cents, for which he received a certficate of deposit; that he then also placed this certificate *Page 461 
with the defendant for safe-keeping, and that "the defendant then and there promised and agreed to safely keep and surrender and deliver to defendant [plaintiff] the said certificate of deposit, or pay him the sum of one thousand and eleven dollars and ninety cents," and that defendant had failed and refused to do either.
None of these allegations were denied by the answer, except the one that defendant had failed or refused to comply with its agreement; on the other hand it alleged that defendant had returned the certificate to the plaintiff, that he had indorsed it and the money had been paid thereon. These constituted then, as to this certificate, the only issues in the case.
From the evidence it appeared that one Trolson, an agent of the defendant, without defendant's authority, had by some means possessed himself of the certificate, and had drawn the money upon it from the agency of the Nevada Bank, which had succeeded to the defendant's business, and had converted it to his own use. The plaintiff, however, testified that he had never seen the certificate after he deposited it with the defendant, and had never authorized Trolson or any one else to draw the money upon it; that if the indorsement which appeared upon the back of the certificate was his, of which he was not certain, it was placed there at the time he left the certificate in the bank. If this evidence was true, and it was entirely uncontradicted, it certainly cannot be said as a matter of law that this indorsement, and the subsequent payment by the Nevada Bank to one who had wrongfully possessed himself of the certificate, proved either a delivery of the certificate to the plaintiff or that he had received payment thereof; and yet this is in effect what the court was asked by the second instruction to tell the jury was the law. Under the pleadings and evidence in the case we are of the opinion that this instruction was properly refused. Judgment affirmed. *Page 462