Blunt, Ellis & Loewi, Inc. v. Igram

ALLBEE, Justice.

This litigation arises, from a dispute growing out of substantial losses sustained by defendant Charles Igram in the commodities futures market. Igram has appealed from judgment against him awarding plaintiff Blunt, Ellis & Loewi, Incorporated (BEL), the sum of $137,542. That sum represents the deficit balance in Igram’s commodity account when BEL unilaterally closed the account on August 6, 1979, after five of Igram’s checks in the aggregate of $96,600 delivered to BEL to meet margin calls were returned because of insufficient funds. Igram also appeals from the dismissal of…