141 N.Y.S. 593 | N.Y. App. Term. | 1913
When-the plaintiff was about sixteen years of age, he entered into an agreement with the defendant, whereby he was to pay the defendant thirty-five cents per week until he had paid the sum of $100, at which time he was to receive one paid-up share of stock of the defendant. After he had paid to the defendant the sum of $67.80, and before he became of age, he refused to longer continue his payments and demanded the return of his money. This was refused, and a registered letter was sent by defendant to the plaintiff informing him that, according to the by-laws of the defendant, the money paid by the plaintiff would be forfeited unless he continued to make the stipulated payments until they amounted to the said sum of $100. About two years and four months after the plaintiff became of age, he brought this action to recover the sum paid to the defendant as aforesaid. The complaint was dismissed by the learned trial justice substantially upon the ground that he had failed to dis-affirm the contract before he became of age, and that there was no disaffirmance until this action was brought, which was not within a reasonable time after arriving at his majority. The court below said, regarding the alleged disaffirmance before the plaintiff became of age: 11 He testified that he did not ask for his money back on account of his being under age, but
Gerard and Page, JJ., concur.
Judgment reversed, and new trial ordered, with costs to appellant to abide event.