Hunsaker v. Sturgis

Citations

• 29 Cal. 142

Syllabus

<p>Income received by Pledgee from Property Pledged.—Where the relation of pledgor and pledgee exists, if the debt is paid, it is the duty of the pledgee to account for and pay over all the income, profits, and advantages derived from the bailment. ^</p> <p>Praud by Agent of Vendor becoming Agent . of Purchaser.—If the .pledgor makes the pledgee his agent to sell the property pledged, and the pledgee then becomes the agent of the purchaser, he commits a fraud on the pledgor, and is bound to pay him all that he received from the purchaser for acting on his behalf.</p> <p>Breach of Confidence * by Unpaid Agent.—Where a person voluntarily becomes an unpaid agent of another to negotiate a sale of stock of a corporation, and then receives a certain sum from a purchaser as a reward for acting in his behalf, and procuring a sale for less than the purchaser was willing to pay, the agent becomes liable to the owner for the loss he sustained by this breach of confidence.</p> <p>Breach of Confidence.—Where one reposes special confidence in another in negotiating a sale of property, and the other seeks this confidence, and then betrays it to the damage of the one by whom he was trusted, ho becomes liable for the loss sustained thereby.</p>