CW ROSENSTOCK (as admin of estate of HW ELSER) v

EDWIN BURKE, THE COOPER COP!N" 

#!CTS

1. Burke
Burke owned
owned a yacht
yacht called
called Bronze
Bronzewinwing
g purcha
purchaeded in Au
Autr
trali
alia
a
!or ale
2. Burke
Burke "ortgaged
"ortgaged it !or a loan o! 1##k 1##k !ro"
!ro" $r Avery
Avery %"anager
%"anager o! 
Aia Banking &orp', which he wa una(le to pay
). *le
*lerr want
wante ed orga
organiniz
ze a yachtacht clu(
lu( and
and elell the
the yacht
acht to
"e"(er o! the clu( !or 12#k
4. *ler would
would keep
keep 2#k
2#k a co""iion
co""iion and 1##k 1##k would
would go to Burke
Burke
+. Burke
Burke acuir
acuireded a writt
written
en option
option aying
aying that *ler con-r"
con-r"ed ed hi
ver(al oer o! 12#k !or the yacht, with the oer open !or )# day
!ro" 12 /e( 1922
0. *le
*lerr propo
propoe edd cond
conducucti
ting
ng a plea
pleaur
ure
e crui
cruiee the
the out
outh,
h, with
with
pro"
pro"ininen
entt (ui
(uine
ne
"e
"en n a(oa
a(oarrd the
the yach
yachtt a a "ean "ean  to
advertie the yacht
. o -3 the yacht,
yacht, *ler incurred
incurred e3pene
e3pene o! 0k (ecaue
(ecaue Burke
Burke had
no "oney
. *ler atte"p
atte"ptedted to loan 2#k !ro"
!ro" $r Avery
Avery (ut
(ut the latter re!ued
re!ued,,
in view o! the u(iting de(t
9. *ler
*ler noti-ed
noti-ed Burke
Burke that he wa now unwill unwilling
ing to purcha
purchaee the
yacht !or "ore than #k and that he hould talk to $r Avery Avery
1#. *le
*lerr wr
wrote a lelette
tter %)
%) Apr
Apriil 19
1922' t
tati
ating that
hat he
he wou
wouldld pay
pay
#k
# k !or
!or the
the yacht
acht,, with
with 1#1#kk down
downpapay"
y"en
entt and
and +k "ont
"onthl hly
y
intall"ent, and would ue #k worth o! tock !ro" Pickering
5nc a ecurity, igned (y Burke, *ler, Avery
11. &urr
urrent acaction i
i !o
!or *l
*ler6 re
recovery o! o! 0k
0k ue
uedd to
to -3
-3 th
the
yacht

!R$UENTS

1. Burke
a. Agre
gree"ent wa that Burke would uld pay !or repair in
e3change !or gratuitou ue o! the yacht
(. &ro
&ro7co
7co"pl
"plain
aint:
t: co"ply
co"ply with letter
letter tatin
tating
g ale,
ale, and give
downpay"ent o! 1#k

TRI!L COURT

1. 8ith
ith rep
pe
ect to Bu
Burrke: Pay 0k to *le
*lerr, pay 1k to &oo
&ooper
per
&o"pany !or unpaid repair
 2. 8ith repect to *ler: Purchae the yacht %appealed (y *ler to
&'

ISSUE

8; letter written on ) April 1922 wa a valid contract o! ale (inding
on *ler

RULIN$

1. ;o
a. A co""on "an would ue <5 a" willing to (uy, 5 intend to
purchae=
(. *ler wa a properou "erchant and o hi peci-c word
hould (e preu"ed to have (een choen !or peci-c
eect. hu hi tate"ent that <5 a" willing to entertain
the purchae= how that he did not intend to (uy the
yacht, (ut "erely *;*>A5;*? the idea
c. *ler never wanted to (uy the yacht !or hi"el!, only ell it
to "e"(er o! a yacht clu(
d. *ler only conidered purchaing the yacht when he
negotiated with Avery to o(tain a 2#k loan to replace the
engine. ince he had not yet acuired the 2#k to replace
the engine, it can (e au"ed that he wa not yet willing
to purchae the yacht
e. ) April 1922 letter wa "ade (y tenographer who
upport *ler6 clai" that *ler re!ued to re"ove
<entertained= even when Burke aked to re"ove it

@Alo revered ruling on Burke paying !or repair  it wa *ler who
initiated and ordered repair, and it wa *ler6 word againt Burke in
thi ituation, o !ollow logic: 8hoever aked !or repair, and got
o"ething in return %ue o! yacht' lia(le to pay !or repair.