From Casetext: Smarter Legal Research

Blakeman v. Puget Sound Iron Co.

Supreme Court of California
May 20, 1887
72 Cal. 321 (Cal. 1887)

Opinion

         Department Two

         Appeal from a judgment of the Superior Court of the city and county of San Francisco, and from an order refusing a new trial.

         COUNSEL:

         T. Z. Blakeman, for Appellant.

          John C. Hall, for Respondent.


         JUDGES: Foote, C. Belcher, C. C., and Searls, C., concurred.

         OPINION

          FOOTE, Judge

         Blakeman instituted this action for the purpose of compelling the corporation defendant to transfer to him two thousand five hundred shares of its capital stock, of which he claimed to have become the owner by reason of his purchase thereof at sheriff's sale under execution against one C. H. Simpkins. The court found that the latter was the owner of five shares of the stock in controversy, and gave judgment that the same be transferred to the plaintiff, as prayed for in the complaint. From that and the order denying him a new trial he has appealed. From the record it appears that the plaintiff purchased the whole of the stock he claims at sheriff's sale, under execution, as the property of C. H. Simpkins, and paid therefor the sum of three dollars; that Simpkins [13 P. 873] was not the owner of the stock then being offered for sale, except five shares thereof, and that the plaintiff had full notice of such facts. Blakeman was, therefore, a purchaser at such sale, with full notice of the defects in Simpkins's title to the property sold, and could not and did not acquire any better title thereto than was possessed by Simpkins, and under such circumstances can have no just ground of complaint against the judgment and order made and entered by the court below, which should be affirmed.

         The Court. -- For the reasons given in the foregoing opinion, the judgment and order are affirmed.


Summaries of

Blakeman v. Puget Sound Iron Co.

Supreme Court of California
May 20, 1887
72 Cal. 321 (Cal. 1887)
Case details for

Blakeman v. Puget Sound Iron Co.

Case Details

Full title:T. Z. BLAKEMAN, Appellant, v. PUGET SOUND IRON COMPANY, Respondent

Court:Supreme Court of California

Date published: May 20, 1887

Citations

72 Cal. 321 (Cal. 1887)
13 P. 872

Citing Cases

National Bank of the Pacific v. Western Pacific Railway Co.

The decisions in this state on this point uniformly hold that the law is in accordance with this concession.…

Bacon v. Traders Oil Corporation

He therefore acquired no title to the stock. ( Blakeman v. Puget Sound Iron Co., 72 Cal. 321, [13 P. 872].)…