Blakeman v. Puget Sound Iron Co.

72 Cal. 321 | Cal. | 1887

Foote, C.

Blakeman instituted this action for the purpose of compelling the corporation defendant to transfer to him two thousand five hundred shares of its capital stock, of which he claimed to have become the owner by reason of his purchase thereof at sheriff’s sale under execution against one C. H. Simpkins. The court found that the latter was the owner of five shares of the stock in controversy, and gave judgment that the same be transferred to the plaintiff, as prayed for in the complaint. From that and the order denying him a new trial he has appealed. From the record it appears that the plaintiff purchased the whole of the stock he claims at sheriff’s sale, under execution, as the property of 0. H. Simpkins, and paid therefor the sum of three dollars; that Simpkins was not the owner of the stock then being offered for sale, except five shares thereof, and that the plaintiff had full notice of such facts. Blakeiuan was, therefore, a purchaser at such sale, with full notice of the defects in Simpkins’s title to the property sold, and could not and did not acquire any better title thereto than was possessed by Simpkins, and under such circumstances can have no just ground of complaint against the judgment and order made and entered by the court below, which should be affirmed.

Belcher, C. C., and Seabls, 0., concurred.

The Court.

— For the reasons given in the foregoing opinion, the judgment and order are affirmed.