Opinion
No. 5473.
Decided January 4, 1937.
1. APPEAL AND ERROR. Reviewing court is bound by finding of trial court supported by the evidence in a law case. 2. APPEAL AND ERROR. Where reviewing court found that there was sufficient evidence to support finding that president of corporation took no part in sale of unregistered stock on appeal from judgment in suit by purchaser of stock to recover money paid therefor, but judgment for defendants was nevertheless reversed as to all defendants, including president, reviewing court, on discovering that trial court had found that president did not take part in transaction, amended opinion so as to affirm judgment for defendant in so far as it affected president.
Appeal from District Court, Third District, Salt Lake County; David W. Moffat, Judge.
On petition for rehearing.
Order contained in prior opinion amended, and petition for rehearing denied.
For prior opinion, see 90 Utah 212, 58 P.2d 18.
A.J. Mays and Thomas Dahlquist, all of Salt Lake City, and Leslie Frazer, of Washington, D.C., for appellant.
Henry D. Moyle and Badger, Rich Rich, all of Salt Lake City, for respondents.
In due time after the filing of the opinion in this case, the respondent Ira C. Holbrook filed a petition for a rehearing. In the opinion previously filed herein, 90 Utah 212, 58 P.2d 18, this court held that there is sufficient evidence in the record, if the trial court believed it, 1, 2 to support a finding that Holbrook took no part either directly or indirectly in the sale of the stock to Harper. But the order nevertheless is that the judgment be reversed and the cause remanded for a new trial as to all of the defendants and respondents, including Holbrook. In the petition Holbrook calls our attention to the finding of the trial court upon this point, which is, in part, "that the said defendant Ira C. Holbrook did not participate in or have any knowledge of said transaction with plaintiff at the time thereof, and that the said sale of stock to plaintiff was not made with the knowledge, consent, participation or authorization of said defendant Ira C. Holbrook," and suggests that we inadvertently overlooked this finding. Since this is a law case, Holbrook says, we are bound by such finding, having concluded that there is sufficient evidence to support it, and therefore the judgment ought to be sustained as to him. The point is well taken. But the matter can be corrected without a rehearing. An amendment to the concluding paragraph of the opinion as filed will suffice. The order now is that the concluding paragraph of the opinion now on file herein be and the same is stricken therefrom, and in lieu thereof the following is substituted:
"The judgment is affirmed as to the defendant and respondent Ira C. Holbrook, and he is awarded his costs on this appeal against the plaintiff and appellant; and the judgment is reversed and the cause is remanded to the District Court of Salt Lake County, Utah, for a new trial as to all other defendants and respondents, the appellant to recover his costs on appeal against them; and the motion of respondent Ira C. Holbrook for a rehearing is denied and overruled."