252 F. 575 | 2d Cir. | 1918
The right to maintain this action depends upon whether a contract was ever made as alleged. The plaintiff relies on certain correspondence which passed between defendant and himself, and which he claims constituted a contract, and involves
“Fort Leavenworth, Kansas, Oct. 7, 1915.
“Wm. A. Neer & Co., Detroit — My Dear Mr. Neer: Will you keep me posted on the Saxon Motor common market. Would like to buy 10 or 15 shares at around 300, subject to confirmatio- or would sell 20 shares at 400, subject to previous sale.
“Sincerely, [Signed] F. R. Lang, Major, U. S. Army.”
The plaintiff, upon the receipt of the letter, sent the following telegram to defendant:
“Western Union Telegram.
“10 — 9—1915.
“To Major F. R. Lang, Fort Leavenworth, Kansas: We accept twenty Saxon at four hundred ship with draft attached and wire when you have done this.
“Wm. A. Neer & Co.”
This telegram plaintiff followed with a letter as follows:
“10-9 — 1915.
“Major F. R. Lang, Fort Leavenworth, Kansas — Dear Sir: Upon receipt of your letter offering us 20 Saxon Motor common at 400, we immediately wired you as follows: We accept 20 Saxon at 400 ship with draft attached and wire when you have done this.’ We trust we will receive your confirmation on this transaction very soon.
“Very truly yours, Wm. A. Neer & Co.”
The defendant, upon receipt of plaintiff’s telegram, sent to plaintiff the following letter:
“Fort Leavenworth, Kansas, October 9, 1915.
“Wm. A. Neer & Co., Detroit — Gentlemen: Saxon stock sold before receipt of your telegram. Seems to be much demand for it. Think I may be able to locate ten and possibly twenty-five shares more. What is best offer you would make for this and for how long a period is bid open?
“Very truly, [Signed] F. R. Lang, Major, U. S. Army.”
The statement in the above letter, “Saxon stock sold before receipt of your telegram,” plaintiff claims was false, and was made' with the purpose of taking advantage of the condition in his letter of October 7th that the offer there of 20 shares at 400 was subject to previous sale. The court below held that the correspondence disclosed no contract and dismissed the complaint.
Every trade or business has its usages, and persons who make offers relating thereto assume that all the customary incidents of such callings shall be part of the agreement, and they do not need to be expressly stated in the written or oral offer, as the law implies them. The law implies that the place of delivery of the stock shall be at the place of the seller,'nothing appearing to the contrary; that is to say, in this case the place of delivery under the offer as made was Ft. Leavenworth, Kan. But under thé acceptance delivery was to be made at Detroit, Mich., where plaintiff resided. The law implies from the terms of the offer that payment was to be made in cash on delivery at Ft. Leavenworth. But the acceptance provided for a payment by draft on delivery at Detroit. The defendant was required to part with possession of his stock before actual payment.
In Cameron v. Wright, 21 App. Div. 395, 47 N. Y. Supp. 571, an offer was made to sell stock at 33 cents on the dollar, subject to the right to sell to other parties. The alleged acceptance was in a telegram reading, “I accept offer; 33 for all your stock; draw three days’ sight draft with stock attached.” This was held to be a variance from the offer, and the interposition of a term not embraced in the original offer, and therefore not binding. And see Greenawalt v. Este, 40 Kan. 418, 19 Pac. 803; Sharp v. West (D. C.) 150 Fed. 458; Lacey v. Thomas (C. C.) 164 Fed. 623.
As there was no contract, and therefore no right to sue for a breach, the other questions raised need not be considered.
Judgment affirmed.
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