Calloway v. Clucas
Pennsylvania Court of Common Pleas, Philadelphia County
1Opinion of the Court
Kun, J.,
— The court made absolute a rule on the defendants to produce books, records and documents for inspection. Defendants thereafter requested a reargument, which was granted. On the reargument, many authorities were cited on both sides, but once the relationship between the parties is understood, the matter in controversy becomes a very simple one.
The plaintiff carried a marginal account with the defendants, stockbrokers. Their relationship is at least that of principal and agent: Jones v. Adams, 98 Pa. Superior Ct. 246. Indeed, responsibility of stockbrokers is in the nature of a trust:…
2Cases cited3 opinions
- Gervis v. KaySupreme Court of Pennsylvania · 1928
- Vollmer v. NewburgerSupreme Court of Pennsylvania · 1923
- C. Clothier Jones v. AdamsSuperior Court of Pennsylvania · 1929