Pears v. Shannon

Opinion by

Mr. Justice Schaffer,

In this action of assumpsit, based upon a written contract, plaintiff recovered a verdict for $22,307.22; from the judgment entered thereon defendant appeals.

The contract is dated May 8,1930, and reads: “Agreement between C. I. Shannon and John P. Pears as follows : On condition that John P. Pears purchases 2,000 shares of Arkansas Gas Company — Class ‘A’ stock on his own account, and agrees to carry same for a period of three months from date, subject to C. I. Shannon’s orders to hold or sell, C. I. Shannon guarantees John P. Pears against loss if stock is sold…