Zeller

Zeller v. Knapp

Good Law
115 Cal. App. 486·1931 Cal. App. LEXIS 586·1 P.2d 1071
Court of Appeal of CaliforniaJuly 14, 1931Docket No. 6809.California1,195 words

Opinion

Lead Opinion

Craig, J.

The defendants, as alleged trustees for the plaintiff and respondent, were by her paid certain moneys which they agreed to invest in an incorporated trucking business of which they were directors. It was also alleged by the plaintiff that the defendant and appellant, D. A. Knapp, an attorney and counselor at law, was at the same time her legal adviser; that he promised large returns upon said investment, the issuance of stock or investment certificates in their names as such trustees, the payment of plaintiff’s share of profits each month, and the refund of her principal together with any unpaid accrued interest, upon one year’s notice in writing; that the business was not profitable, that its returns were not as represented by appellant, and that no part of the same had been refunded. The defendants admitted receipt of the moneys for' investment, denying any misrepresentation as to volume of business or amount of returns, or that D. A. Knapp was then or at any time the plaintiff’s attorney, or that either of the defendants acted in any capacity other than as recipients of checks aggregating $6,000 for investment as directed by her. Defendant Knapp affirmatively alleged that “to…

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