Lambertson v. Van Boskerk

The defendants having funds in their hands sufficient therefor, were instructed to purchase for the plain*267tiff, and to hold them, as a special deposit, '$4,000 of "United States 5-20 bonds. The instructions given them by Hyler & Perkins, for the plaintiff, was in writing. The defendants understood the duty imposed upon them, and, by letter, advised Hyler & Perkins of the purchase and the cost attending it. This was a transfer of the funds of the plaintiff to their account, and he became the owner of the bonds. If the defendants chose to go short of them, as they say they did, either for…