Green

Green v. Thornton

Good Law
1892 Cal. LEXIS 901·96 Cal. 67·30 P. 965
Supreme Court of CaliforniaAugust 30, 1892No. 14747California1,639 words

Opinion

Lead Opinion

Belcher, J.

—This is an action to recover the sum of $1,112.70, with interest thereon, alleged to be due plaintiff from defendant upon an account stated.

The material facts of the case are as follows: In 1881, L. D. Green, plaintiff’s intestate, and the defendant purchased and had conveyed to them a certain tract of land. They paid for the land four thousand dollars, and to raise the money they borrowed from the Stockton Savings and Loan Society the sum of three thousand five hundred dollars, for which they gave to the society their promissory note, secured by a trust deed of the property. Thereafter Green occupied and managed the land until October 25, 1884, when they sold and conveyed the same to one C. H. Bailey for six thousand five hundred dollars. Of this sum Bailey paid to his grantors at the time one thousand dollars in money, and for the balance he gave them his promissory note for two thousand five hundred dollars, bearing interest at the rate of eight per cent per annum, and due two years after date, and a mortgage on the land to secure its payment, and undertook and agreed to pay the grantor’s note to the Stockton Savings and Loan Society, on which there was then due and unpaid…

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