Blair
Blair v. Guarantee Title Co., Inc.
Opinion
Lead Opinion
Preston, J.
This is an appeal by defendants Guarantee Title Company of Long Beach and I. H. Wright from a judgment entered against them upon a verdict of a jury in the sum of $1750, in an action for damages growing out of'a fraudulent real estate transaction.
The facts, as they existed at the time of the transaction hereinafter related, were briefly these: On June 16, 1925, Helen Wood Blair, the original plaintiff in this action, was residing with her husband at. Orange, California, but was the owner bf a house and lot at the corner of 17th and Rose Streets in the city of Long Beach, which she valued at $8,500, and which was encumbered by a mortgage in the sum of $5,000. The defendant A. E. Cronin was a real estate agent residing in Long Beach, and well acquainted with Mrs. Blair, having been her agent in one or two business transactions. Mrs. Blair had implicit faith and confidence in Cronin, and, at the time of the transaction hereinafter related, Mrs. Blair held a note against Cronin for the sum of $1,000 and, as security for the payment of said note, she held a bill of sale and the registration certificate for Cronin’s automobile. Victor Bellotti was another real estate agent residing at…