Legal Opinion
Klein v. Munson
Supreme Court of Connecticut
Decided July 9, 1930PublishedCited by 4 opinions
1Opinion of the CourtWheeler, C. J.
The decision turns upon a comparatively simple point. What was the contract made by the plaintiff with the defendant, a stockbroker, in the sale to the plaintiff of the two hundred shares of stock ordered by him from the defendant at the solicitation of defendant’s agent?
The order of the plaintiff was that payment for and delivery of the stock was to be by “sight draft against payment” upon delivery of the stock to the Mechanics Bank in New Haven within a reasonable time. A sight draft is a bill of exchange for the immediate collection of money. “Against payment” meant for collection. The…
2Cases cited4 opinions
- Torkomian v. RussellSupreme Court of Connecticut · 1916
- Gleason v. ThayerSupreme Court of Connecticut · 1913
- Blue Ribbon Garage, Inc. v. BaldwinSupreme Court of Connecticut · 1917
- New York, New Haven & Hartford Railroad v. First National BankSupreme Court of Connecticut · 1926
3Cited by4 opinions
- Staff v. HawkinsSupreme Court of Connecticut · 1949
- Utley v. NolanSupreme Court of Connecticut · 1948
- In re Middletown Packing Co.District Court, D. Connecticut · 1961
- Rabe v. DanaherDistrict Court, D. Connecticut · 1931