Collins-Moore & Co. v. Clement

Opinion op the Court by

Stanley, Commissioner

Reversing.

The appeal is from a judgment on a verdict for $1,788.75, the sum paid for 265 shares of common stock of the Missouri-Kansas Pipe Line Company, purchased by the appellee, Robert S. Clement, through or from Collins-Moore & Co., appellant, which is a corporation and licensed broker and dealer in securities in Louisville. The stock was purchased in three lots on different, occasions and under somewhat different circumstances.

Clement testified that Collins, a vice president of the appellant, was an old and trusted friend. At the time Clement…