Legal Opinion

Calloway v. Clucas

Pennsylvania Court of Common Pleas, Philadelphia County

Decided November 25, 1931No. 1033Published

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

  1. Gervis v. KaySupreme Court of Pennsylvania · 1928
  2. Vollmer v. NewburgerSupreme Court of Pennsylvania · 1923
  3. C. Clothier Jones v. AdamsSuperior Court of Pennsylvania · 1929

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