Long

Long v. Neeland

Caution
118 Cal. App. 203·1931 Cal. App. LEXIS 251·4 P.2d 815
Court of Appeal of CaliforniaNovember 6, 1931Docket No. 8008.California1,078 words

Opinion

Lead Opinion

Nourse, J.

Plaintiff sued for an accounting of moneys alleged to have been advanced to defendants and invested for plaintiff’s use and benefit. A nonsuit was granted as. to defendant K. M. Neeland and dismissals were had as to all other defendants except J. M. Neeland, against whom judgment was entered in the sum of $16,666.05, together with compound interest amounting to over $14,000. This defendant has appealed upon typewritten transcripts.

No useful purpose would be served in a detailed statement of the facts. Suffice it to say that for many years prior to the commencement of this action defendant was a successful banker with a wide experience in business affairs, having gained a fortune of approximately $1,000,000; that the plaintiff was an instructor in physical education; that both were warm personal friends, and that the plaintiff trusted implicitly in the defendant’s judgment as to all matters of business and investment; that running over a period of some thirteen years the plaintiff paid over to this defendant, in various sums ranging from $50 to $6,200, a total of more than $32,000; that of this sum $16,666.05 was found to have been entrusted to the defendant by the plaintiff for…

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