Palpar, Inc. v. Thayer

This appeal is taken on the judgment roll. The plaintiff and appellant, Palpar, Incorporated, filed its complaint as vendee and assignee of Morton. The complaint alleged the purchase by Morton and respondent Thayer in 1941, under a contract of conditional sale of a certain tractor and equipment; the full payment of the purchase price; the coownership of Morton and Thayer; an arrangement between Morton and Thayer for Thayer’s use of the tractor with an agreement to pay Morton one-half of the profits received by Thayer from its use and operation; and the transfer by Morton of all his rights to…