148 S.W. 335 | Tex. App. | 1912
This suit was instituted in the district court of Erath county by the First National Bank of Stephenville against Crespie, Roensch Co., a corporation, the Stephenville Compress Company, a corporation, and John Crotty Son Company, a copartnership composed of John Crotty, W. E. Crotty, and C. D. Waldo. The plaintiff bank alleged that it had an agreement with the firm of John Crotty Son Company to furnish them with money with which to buy cotton for the season of 1909, according to the terms of which the firm agreed to deliver to the bank the receipts of the defendant compress company and of all others to whom they might deliver cotton, with the intention that said receipts and the cotton which they represented should be pledged to the bank as security for all advances made by the bank to the copartnership; that the defendant Stephenville Compress Company issued certain receipts to the John Crotty Son Company, which receipts were delivered to the plaintiff under its agreement with John Crotty Son Company, such receipts stipulating that the cotton would only be delivered upon the return of the receipts; that contrary to such stipulation, and to the custom of the country, which was pleaded, the defendant compress company wrongfully delivered the cotton to John Crotty Son Company without the receipts, while the plaintiff yet held them, and while the sum for which they were pledged was yet due and unpaid; and, therefore, prayed that it have judgment against John Crotty Son Company for its debt, and against the defendant compress company for the possession of the cotton, and, if that could not be found, for a personal judgment against it as for a conversion. It is unnecessary to state in detail all the pleadings of the parties. A jury trial resulted in an instructed verdict in favor of the defendant Crespie, Roensch Co. and a finding by the jury in favor of the plaintiff against the firm of John Crotty Son Company and its individual members, and in favor of the plaintiff against the defendant Stephenville Compress Company, followed by appropriate judgment, from which judgment the Stephenville Compress Company alone has appealed.
The cause was tried on December 26, 1910, and the issues of law submitted in accordance with the decision of this court in the case of Stamford Compress Co. v. Farmers' Merchants' Nat. Bank,
In view of another trial, it is proper to say that we do not think the plaintiff is precluded from a recovery merely because it received the proceeds of the sale of the Stephenville Compress Company cotton, in view of the fact that it received the money from the John Crotty Son Company without knowing that such was the proceeds of this cotton, and in consideration of the payment surrendered to that firm other cotton receipts which they held as collateral to its loans. Its conduct, to constitute ratification or waiver, must have been predicated upon a full knowledge of all the facts. If, however, it did knowingly accept the proceeds of a sale of the Stephenville Compress cotton, or in any manner authorize the delivery to John Crotty Son Company, then the compress company would be entitled to recover as to such cotton, and would not be limited, of course, to the proceeds of the same, if such proceeds should prove to be of less value than the cotton.
The twenty-second special instruction was properly refused, because it was both argumentative and misleading. While it is true the appellee bank would have to show an indebtedness against the John Crotty Son Company, which was secured by a lien on the cotton in controversy, before it could recover against the appellant compress company, still it would not be required to show, as the charge declares, "by a preponderance of the evidence the exact amount of the indebtedness," if such indebtedness was shown to exceed the amount for which judgment was sought against the appellant.
The statement contained under the ninth assignment of error is insufficient to show error in the refusal of the charge there referred to, and, besides, on another trial, if the case is submitted in accordance with the opinion of the Supreme Court hereinabove referred to, such question can hardly arise again.
Reversed and remanded as to Stephenville Compress Company alone.