Young
Young v. Matthew Turner Co.
Opinion
Lead Opinion
Melvin, J.
Defendant appeals from a judgment for $2531.25.
No testimony was offered by either party, the judgment resting upon the complaint, the answer, and cross-complaint. In the complaint, filed November 3, 1909, it is alleged that on August 1, 1894, Matthew Turner and plaintiff’s agent entered into a certain contract whereby plaintiff sold to said Turner the nine-sixteenths interest in the brig “Galilee” for thirteen thousand five hundred dollars, and by which also Turner bound himself and his heirs to give the privilege of purchase to said Young whenever he should intend to sell the said interest or after his death, “the conditions of such sale or purchase being a reduction of $2250 per annum” on the price of thirteen thousand five hundred dollars. It is averred that the said instrument was recorded in August, 1901; that on the tenth day of February, 1909, Matthew Turner sold and assigned said nine-sixteenths interest in the brig to the defendant corporation ; that prior to and at the time of such sale and assignment defendant well knew of the execution, existence, and terms of the agreement between Young and Turner; that Matthew Turner died on February 10,1909; that on May 14, 1909;…