Penning, Dornbusch & Co. v. Greenfield

The opinion of the court was delivered by

Parker, J.

The suit was for the balance claimed by plaintiff corporation to be due it as the result of a series of stock transactions between the parties. Plaintiff is a dealer in corporate stock — defendant-appellant was a customer. No stock was ever delivered into the physical possession of defendant, no payment on account was made, except in one instance presently to be noted; and there was no writing signed by the defendant, although the amount involved was in each of the three cases over $500. Comp. Stat., p. 4648, § 4. This provision of the Sales…