Bond & Goodwin, Inc. v. duPont

Plaintiff buyer sues the sellers to recover the difference between the purchase price paid for certain bonds and the price which the bonds would have cost had the true callable date been known. Similar contracts were made for the sale of two lots of North Dakota, Series B and Series C real estate bonds of the supposed callable dates of January 1,1949, and January 1, 1948. Aside from minor adjustments, the actual price was to be determined by an amount which would represent a yield respectively of 3.70% and 3.60% per annum from the dates of purchase to the callable dates. The prices were…