Alison v. Whitcomb

This is an action to recover damages claimed to have been suffered by plaintiffs because of defendants’ failure to accept delivery of Bloomfield village district drain bonds of a par value of $26,000. The case was tried by the circuit judge sitting without a jury.

Plaintiffs, Alison & Company, are copartners in an investment banking business in the city of Detroit, in connection with which they operate a bond depart ment. They had been doing business with defendants for about 15 years, during which time there were many transactions between the parties.

Plaintiffs’ salesman, Montgomery, who had.…