86 Pa. Super. 71 | Pa. Super. Ct. | 1925
Argued April 28, 1925. Defendant was engaged in selling stock of a certain oil and gas corporation, known as the Texacaddo Oil and Gas Company. On or about January 5, 1920, plaintiff purchased from him certain shares of stock in said company upon an agreement in writing, which was as follows: "I hereby agree that the 1,100 shares of the Texacaddo Oil Gas Stock that I sold you for $1,650, I will pay this much back to you on January 2, 1921, for the above 1,100 shares or for as many shares of the U.S. Mexico Oil Corp. that you receive for this 1,100 shares of Texacaddo Oil Gas if you want to return it." On September 13, 1920, the shares of the plaintiff were exchanged for 2,200 of U.S. Mexico Oil Corporation stock. This suit is brought for the return of the money. The jury found in favor of the plaintiff and the defendant seeks to get rid of the verdict and judgment entered thereon alleging several mistakes in the trial.
The first assignment refers to a letter dated January 21, 1921. This letter contains a request for payment of the $1,650 and an offer to return the 1,100 shares. The court admitted the letter in the first instance, but afterwards told the jury they must disregard it, instructing them that the offer to return must have been made before January 2d. The error in admitting the letter was harmless in connection with the instructions of the court. It might well be argued if demand had been made prior to January 2d there would not have been any necessity for the letter of January 21st. *74
The second assignment is directed to the refusal of the court to strike out the testimony in regard to a telephone conversation alleged to have been held between Mr. Cook, the attorney for the plaintiff, and the defendant, Ghriest, the reason for the motion being that Ghriest was not properly identified. If we recur to the testimony we find that the witness was asked whether he had a conversation with Mr. Ghriest by telephone and he answered that he consulted the telephone book and learned the number and address of Mr. Ghriest and called his office and upon receiving a response asked that Mr. Ghriest be called to the 'phone; a man came to the 'phone; Cook asked him whether he was Mr. Ghriest and he answered he was. Cook had a conversation with him. He spoke to him about this contract, whether he was going to pay this money which he had promised to pay. Ghriest said he would see Mr. Christian about it personally. Cook told Ghriest that the matter was in his hands, that he wanted the money and the stock was in his office to deliver to him as soon as the money was received. This was the only time that he had spoken to him. We held in Swing v. Walker,
The third assignment is to the refusal of the court to direct a verdict for the defendant. This requires no comment.
The fourth assignment is directed to the amount of the verdict. It is claimed that the plaintiff in no event could recover the money he paid but the true standard was to take the difference between what he paid and the market value of the stock in question on January 2, 1921, the time when the defendant agreed to buy it back. Our answer to this is that at the trial it was assumed that the contract between the parties looked to the return of the stock to the vendor and the repayment of the money to the vendee. There is nothing in the record showing that a different proposition was before the court. After the court charged the jury he asked for suggestions from counsel as to whether he had overlooked anything or had fallen into error, and there was no suggestion that the amount which the *77 plaintiff would be entitled to was other than the sum which he paid for the shares of stock. We may add that we do not see how the theory now presented by the plaintiff is applicable to the situation. The written contract definitely contained the engagement: "I hereby agree the 1,100 shares of the Texacaddo Oil Gas Company that I sold you for $1,650, I will pay this much back to you on January 2, 1921, . . . . . . if you want to return it."
All the assignments of error are overruled and the judgment is affirmed.