Lavers v. Hutton

Defendants are stockbrokers. Plaintiff’s assignor, Robinson, was their customer between March, 1919, and December 21, 1920. He received from them monthly detailed statements bearing the legend “ Please examine and return immediately if not correct.” At no time did he object to their correctness. On June 5, 1919, he closed his account temporarily, received a *517statement showing a balance in his favor and accepted and cashed defendants’ check therefor. He reopened his account and on November 10, 1919, directed its transfer to other brokers. They received his securities and paid the balance due…