Hayes v. Stortz
Michigan Supreme Court
Error to St. Clair; Whipple, J. Assumpsit by John Hayes against George Stortz for money had and received. From a judgment for plaintiff, ■defendant brings error.
1Opinion of the CourtMontgomery, J.
In January, 1894,' Lonsby & Wolf were owners of a one-eighth' interest in the steam barge Thomas D. Stimson, the entire vessel being at the time subjectto a mortgage of $8,666.66. An arrangement was made between the plaintiff and defendant by which the latter was to lend his credit to the plaintiff to enable him to purchase from Lonsby & Wolf this interest in the vessel.' In *64pursuance of this arrangement, a contract of sale was made by Lonsby & Wolf to defendant of the one-eighth interest, entitling him to one-eighth of the receipts, and making him responsible for one-eighth of the current…
2Cases cited2 opinions
- Hosmer v. WilsonMichigan Supreme Court · 1859
- Hamilton v. Park & McKay Co.Michigan Supreme Court · 1897
3Cited by2 opinions
- Armsby v. Grays Harbor Commercial Co.Oregon Supreme Court · 1912
- Bankers Mortg. Co. v. SchwabSupreme Court of Oklahoma · 1929