Jamison
Jamison v. Cotton
Opinion
Lead Opinion
Warmer, J.
The plaintiff, defendant and one Ole Hanson were the owners of a certain tract of land in Los Angeles County. Jamison, the plaintiff, owned a one-half interest, Cotton, the defendant, one-fourth and Ole Hanson one-fourth thereof. There was a mortgage against said real property in the sum of $65,000, dated March 1, 192'8, with interest at the rate of seven per cent per annum payable quarterly. It was understood and agreed between the owners thereof that they and each of them would individually be responsible for their proportionate shares of the taxes on said property and the interest accruing under and by virtue of the terms of said mortgage. On the sixteenth day of April, 1931, plaintiff, A. C. Jamison, paid to the tax collector of the county of Los Angeles the sum of $776.17. One hundred and ninety-four dollars and four cents of such sum so paid was the share of said taxes due and payable by the defendant H. H. Cotton and such sum was paid by the plaintiff for and on behalf of defendant Cotton. On the first day of June, 1931, plaintiff paid the holder of said mortgage the sum of $1,056.25, representing the interest due on account of said mortgage. Two hundred and sixty-four…