Jacob v. Ketcham
California Supreme Court
Appeal from the District Court, Thirteenth Judicial District, Tulare County. This' was an action upon the following promissory note: “$1,345 30. Visalia, January 3d, 1867. “One day after date, without grace, I promise to pay to E. Jacob, or order, the sum of thirteen hundred and forty-five dollars thirty cents, payable only in gold coin of the Government of the United States, for value received, with interest thereon at the rate of one and a half per cent per month from date…
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Appeal from the District Court, Thirteenth Judicial District, Tulare County. This' was an action upon the following promissory note: “$1,345 30. Visalia, January 3d, 1867. “One day after date, without grace, I promise to pay to E. Jacob, or order, the sum of thirteen hundred and forty-five dollars thirty cents, payable only in gold coin of the Government of the United States, for value received, with interest thereon at the rate of one and a half per cent per month from date until paid. “ L. E. Ketcham.” The answer set up that the note was given for a balance then due from defendant to…
1Opinion of the Court
By the Court, Rhodes, J.:
The submission to arbitration recites “ that there being a difficulty in settlement of accounts between E. Jacob and L. R. Ketcham,” they have selected certain persons as arbitrators, aud agree to be bound by their award. The award oí the arbitrators is that “Ketcham & Stay ton are entitled to a credit on their account with said E. Jacob of three checks of five hundred dollars each, amounting in the aggregate to fifteen hundred dollars.”
It is essential to the validity of an award that it should be final—that it should finally determine the matters submitted to the…
2Cases cited1 opinion
- Patchin v. Trustees of BrooklynNew York Supreme Court · 1829
3Cited by4 opinions
- Ulene v. Murray Millman of California, Inc.California Court of Appeal · 1959
- Boyd v. BargagliottiCalifornia Court of Appeal · 1909
- Haumeder v. LipsettCalifornia Court of Appeal · 1949
- Alexander v. McNearUnited States Circuit Court · 1886