Bankers Bond Co. v. Bergen

Opinion op the Court by

Judge Rees

Affirming.

The appellee, J. M. Bergen, purchased bonds from time to time, beginning in 1928, from the appellant, Bankers Bond Company, a dealer in securities. Among the bonds purchased by him were two $1,000 Rockhill Manor Apartment bonds bearing 6 per cent, interest and maturing February 15, 1937. These bonds were guaranteed both as to principal and interest by the Metropolitan Casualty Company. At the solicitation of representatives of the Bankers Bond Company, the appellee, as he claims, exchanged these bonds on November 10, 1931, for two $500 Hathaway…