L.A. Nat'l Bank v. Wallace
California Supreme Court
Appeal from a judgment of the Superior Court of Los Angeles County, and from an order denying a new trial. The facts are stated in the opinion.
1Opinion of the Court
Temple, C.—
Babcock and one Collins owned some nursery stock, which included a large number of orange trees. Wallace was an experienced horticulturist.
The three purchased from Baldwin three hundred acres of land, believed to be well adapted to the growth of oranges. Nothing was paid on account of the purchase of the land, but it was conveyed to Babcock and Wallace, who gave a mortgage upon it to secure the pur*479chase money. Collins was a banker, and did not wish to be known in the transaction, therefore every thing was in the name of Babcock and Wallace. Babcock and Collins were to put into the…
2Cited by1 opinion
- Roper v. GouldCalifornia Court of Appeal · 1913