Mills

Mills v. Friedman

Good Law
119 Cal. App. 74·1931 Cal. App. LEXIS 115·5 P.2d 901
Court of Appeal of CaliforniaDecember 8, 1931Docket No. 6639.California2,144 words

Opinion

Lead Opinion

Houser, J.

Through the efforts of plaintiff and two others, respectively named Pitblado and Copps, defendant became the owner of a large ranch, together with certain farming implements and livestock located thereon. However, defendant’s ownership in the property was subject to a mortgage thereon amounting to the sum of $50,000. In addition thereto defendant appears to have been indebted to plaintiff, Pitblado and Copps in at least the sum of $6,000 on account of services rendered by them in his behalf in connection with certain negotiations which led to the acquisition by the defendant of the property. It also appears that it was agreed among the several parties that out of any sale that might be made of the property, after allowing for the $50,000 mortgage thereon and paying to defendant $48,000 for his assumed equity therein—after paying the indebtedness of $6,000 and any other moneys advanced by any of the several parties in the maintenance and operation of the ranch, plaintiff, Pitblado and Copps would be entitled to the remainder of the sale price of the property. Preceding such contemplated sale, and during a fixed period of time, the three last-named persons (which included plaintiff)…

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