Todd

Todd v. Payne

Good Law
1926 Cal. App. LEXIS 298·77 Cal. App. 306·246 P. 816
Court of Appeal of CaliforniaMarch 31, 1926Docket No. 5367.California559 words

Opinion

lead Opinion

Nourse, J.

Plaintiff sued to recover the penalty provided by section 324 of the Civil Code for defendant’s refusal to issue to him a certificate. of stock in the Greater Berkeley Land Company, a corporation of which the defendant was secretary. The complaint was in the terms of the statute and alleged that the original owner of the stock had indorsed, transferred, and delivered to the plaintiff; that he presented the indorsed certificate to defendant and demanded the entry thereof on the corporation books in plaintiff’s name and the issuance of a new certificate to him. The answer admitted the demand and justified the refusal only on the ground that defendant was uncertain as to the validity of the indorsement. The trial court found all the facts true as alleged in the complaint and also found that defendant had ample opportunity to satisfy himself as to the indorsement, but made no effort to do so. Judgment followed for plaintiff in the sum of four hundred dollars as provided in the code section cited. Defendant has appealed on the judgment-roll and a bill of exceptions.

The appeal is based upon the ground that the respondent failed to show that he was the “party aggrieved” to whom the…

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