Baxter v. Deneen
Court of Appeals of Maryland
Appeal from a decree of the Circuit Court for Allegany County (Boyd, C. J.) According to the custom of this bucket-shop business,whenever a customer gives- an order for the purchase of certain stocks, he is required to pay the broker or proprietor of the shop $2 for each share of stock so ordered to be purchased.
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Appeal from a decree of the Circuit Court for Allegany County (Boyd, C. J.) According to the custom of this bucket-shop business,whenever a customer gives- an order for the purchase of certain stocks, he is required to pay the broker or proprietor of the shop $2 for each share of stock so ordered to be purchased. If the stock rises in price, the customer at once has the privilege of closing the deal, whereupon the broker must pay to the customer the difference between the market’price of the stock at the time the order was given, and the market price at the time of closing the deal plus $2…
1Opinion of the Court
The appellee Deneen in the bill filed by him in this case declares his purpose to repudiate certain contracts, made with the appellant Baxter a stock broker, for speculating in stocks on margins and asks the Court to compel the return to him of the margins paid by him to Baxter under the contracts. He also asks for an injunction to prevent the withdrawal from bank by Baxter of certain money standing there to his credit upon the ground that it consists of the margins so paid.
Both parties to the record admit on their briefs that the contracts in question were mere gambling contracts predicated…
2Cases cited7 opinions
- Brown v. ReillyCourt of Appeals of Maryland · 1890
- Stewart v. SchallCourt of Appeals of Maryland · 1886
- Billingslea v. SmithCourt of Appeals of Maryland · 1893
- Snyder v. SnyderCourt of Appeals of Maryland · 1879
- German v. SladeCourt of Appeals of Maryland · 1875
2 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Hertz v. MillsCourt of Appeals of Maryland · 1934
- Baltimore American Insurance v. UlmanCourt of Appeals of Maryland · 1934
- Harrison v. HarrisonCourt of Appeals of Maryland · 1931
- Schill v. Remington-Putnam Book Co.Court of Appeals of Maryland · 1943
- Hertz v. MillsDistrict Court, D. Maryland · 1935