Jordan

Jordan v. Combined Amusements Co.

Good Law
1918 Cal. App. LEXIS 315·37 Cal. App. 8·173 P. 390
Court of Appeal of CaliforniaApril 17, 1918Civ. No. 2328.California932 words

Opinion

Lead Opinion

Kerrigan, J.

This is an appeal from a judgment in favor of the plaintiff in an action against the defendant corporation for commissions on sales of its capital stock.

We think the judgment must be reversed on the ground that the evidence does not sustain the findings made in plaintiff’s favor.

The facts of the case' as disclosed by the record may be stated briefly as follows: F. W. Swanton had entered into a written' contract with the defendant whereby he undertook the sale of a certain number of shares of its capital stock, for which he was to receive twenty-five per cent of the receipts from such sales as a commission. He in turn entered into a written agreement with W. G. Loomis, plaintiff’s assignor, wherein it was provided that Loomis would co-operate and assist Swanton in the sale of the stock, for which service Swanton would pay him one-half of his commissions. Under this last agreement sales of stock were made by Loomis, and Swanton had made one payment of commission to him, when they, being both officials of the company, Swanton being president and Loomis secretary, directed the bookkeeper of the defendant to keep the account of their sales and commissions in the books of the…

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