Starkweather v. Gleason
Massachusetts Supreme Judicial Court
Two actions of contract for the breach of an alleged agreement in writing of the defendant to purchase from the plaintiffs certain shares of the preferred and common stock of the Walpole Tire and Rubber Company.
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Two actions of contract for the breach of an alleged agreement in writing of the defendant to purchase from the plaintiffs certain shares of the preferred and common stock of the Walpole Tire and Rubber Company. Writs dated April 17, 1914. In the Superior Court the cases were tried together before McLaughlin, J. The alleged contract was contained in a correspondence between the parties, the material portions of which are quoted in the opinion, where also the other material facts are stated. At the close of the plaintiffs’ evidence, the judge ruled that upon all the evidence the plaintiffs…
1Opinion of the CourtBraley, J.
The correspondence between the parties would have warranted the jury in finding that the plaintiffs invested money in the preferred and common shares of the Walpole Tire and Rubber Company in reliance on the advice and judgment of the defendant, its vice-president and general superintendent. After they had called his attention to the decline in market value of the stock, he wrote them from the company’s office, on March 26, 1913, “any time you feel real worried, why come out and you can get your money to the value you paid for the stock from me.” To which they replied, on March 27, 1913, “For…
2Cases cited2 opinions
- Park v. WhitneyMassachusetts Supreme Judicial Court · 1889
- Holland v. Cheshire RailroadMassachusetts Supreme Judicial Court · 1890
3Cited by16 opinions
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- Horowitz v. S. Slater & Sons, Inc.Massachusetts Supreme Judicial Court · 1928
- Mowles v. Boston InsuranceMassachusetts Supreme Judicial Court · 1917
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