Englehart v. Cassatt

Opinion by

Mr. Justice Simpson,

The relevant facts in this case are as follows: On October 22, 1929, plaintiff, through his local bank, authorized defendants to purchase for him 200 shares of the stock of the Vanadium Corporation of America, at $77 per share. On the same day, they purchased it at that price, and so notified his bank, which thereupon advised them that if they would deliver the certificates to a specified New York bank, they would be paid the purchase price and the commission due to them for their services. On October 25, 1929, an employee of defendants mistakenly delivered to…