Taylor v. Godbold
Supreme Court of Arkansas
Appeal from Pulaski Circuit Court. Edward W. Wineield, Judge. statement by the court. Godbold was a cotton seed broker; Taylor, a planter, owning a plantation at South Bend on the Arkansas River. They had a transaction over the purchase of Taylor’s cotton seed, and Godbold’s version of it was given in this letter: “Tittle Rock, Ark., Feb. 4, 1903. :‘Dr. C. -M. Taylor, “City.
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Appeal from Pulaski Circuit Court. Edward W. Wineield, Judge. statement by the court. Godbold was a cotton seed broker; Taylor, a planter, owning a plantation at South Bend on the Arkansas River. They had a transaction over the purchase of Taylor’s cotton seed, and Godbold’s version of it was given in this letter: “Tittle Rock, Ark., Feb. 4, 1903. :‘Dr. C. -M. Taylor, “City. “Dlar Sir :— “I was very much surprised when I received your letter of the 31st ult., saying that you had sold your cotton seed. On or about January 10 I met you at the Capital Hotel, and asked you when you got ready to…
1Opinion of the CourtHirr, C. J.
Godbold under his own testimony cannot recover as a broker. Mr. Mechem thus states the reason: “Like other agents in whom trust and confidence are reposed, the broker owes to his principal the utmost good faith and loyalty to his interests. * * * It is his duty, therefore, to fully and freely
disclose to his principal at all times the fact of any interest of his own or of another client which may be antagonistic to the interests of his principal, and he will not be permitted to take advantage of the situation to make gain for himself by forestalling or undermining his principal.” Mechem on…
2Cases cited2 opinions
- Wadsworth v. AdamsSupreme Court of the United States · 1891
- Shaeffer v. BlairSupreme Court of the United States · 1893
3Cited by13 opinions
- Toney v. HaskinsCourt of Appeals of Arkansas · 1983
- Clay v. CumminsSupreme Court of Alabama · 1917
- Featherston v. TroneSupreme Court of Arkansas · 1907
- Murphy v. WillisSupreme Court of Arkansas · 1920
- Bennett v. ThompsonSupreme Court of Arkansas · 1916
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