Pfister v. Wade
California Supreme Court
Appeal from a judgment of the Superior Court of Santa Clara County, and from an order refusing a new trial. The facts are stated in the opinion.
1Opinion of the Court
Searls, C.
In September, 1874, one Trenout-h began storing wheat with defendant Wade, and in March, 1875, had so stored 128,438 pounds.
Between September 19,1874, and April 24,1875, Trenouth borrowed from Wade, on the security of the wheat, several sums of money, which amounted in the aggregate, with the sum due for storage, to $1,950, exclusive of interest.
Upon the 1st of January, 1878, Trenouth sold the wheat to the plaintiffs, who, it was agreed by all the parties, should pay Wade the amount due him out of the funds arising from the sale of the wheat.
After this arrangement was made, Wade…
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