Foley v. Nimocks
Supreme Court of Iowa
Appeal from Wapello District Court. — D. M. Anderson, " Judge. This is an action at law to recover the amount paid by plaintiff for two shares of the capital stock of a corporation, and a stockholder’s loss suffered by him, on account of the purchase’s being made for the defendant, at his instance and request, and upon his promise to pay the total cost to plaintiff with interest as plaintiff' alleges.
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Appeal from Wapello District Court. — D. M. Anderson, " Judge. This is an action at law to recover the amount paid by plaintiff for two shares of the capital stock of a corporation, and a stockholder’s loss suffered by him, on account of the purchase’s being made for the defendant, at his instance and request, and upon his promise to pay the total cost to plaintiff with interest as plaintiff' alleges. Plaintiff claims, also, that it was the agreement between them that he should take this stock in his own name and handle it for defendant until such time as defendant could pay plaintiff and…
1Opinion of the CourtPreston, J.
1. Principal and agent : the relation ; purchasing property for another : sales. 1. The petition alleges that before, but about, April 20th, 1910, defendant orally requested plaintiff to purchase for him $200 worth of stock in the Union Iron Works, a corporation, which stock defendant agreed to take from plaintiff not later than April, 1911, and pay the total cost of same, including interest thereon, which oral agreement was, on April 20, 1910, confirmed in a letter written by defendant to plaintiff; that, relying on the oral agreement and the letter, plaintiff did, about April 20, 1910,…
2Cases cited2 opinions
- Baker v. WainwrightCourt of Appeals of Maryland · 1872
- Hatch v. McBrienMichigan Supreme Court · 1890
3Cited by7 opinions
- Ulmen v. SchwiegerMontana Supreme Court · 1932
- Reed v. BungerSupreme Court of Iowa · 1963
- Rupe Inv. Corp. v. CommissionerUnited States Tax Court · 1958
- Swift & Co. v. Jamestown National BankCourt of Appeals for the Eighth Circuit · 1970
- Windsor Steel Products, Ltd. v. Whizzer Industries, Inc.District Court, E.D. Michigan · 1957
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