Clayton Brokerage Co. of St. Louis, Inc. v. Raleigh

GAERTNER, Presiding Judge.

Defendant appeals from the entry of summary judgment in favor of plaintiff on its claim based upon breach of contract. Defendant was employed by plaintiff as a commodities broker from April 20, 1978, until October 29, 1982. Paragraph seven of his written contract of employment provided that he was “to be responsible, and to promptly reimburse Clayton for the payment of deficits in customer’s accounts handled by Employee.” Defendant also signed a memorandum acknowledging his understanding that he would be held responsible for all deficit accounts of his customers as…