Winston v. Longshore
Supreme Court of Louisiana
Appeal from Civil District Court, Parish of Orleans; John St. Paul, Judge. Action by J. M. Winston against F. A. Longshore & Co. Judgment for plaintiff, and defendants appeal.
1Opinion of the CourtLand, J.
Plaintiff sued defendant to recover $4,000 unduly paid. The petition represents that in February, 1904, plaintiff bought, through defendant, 400 bales of cotton futures, and had to his credit on the books of defendant $9,600; that he instructed defendant that he would not stand, at any time, any loss beyond the margin to his credit; and that he “must hedge when margin about exhausted.”
The petition further represents that of the amount which petitioner had to his credit he drew down $6,000, leaving a balance of margins to his credit of $3,600, and that defendant, contrary to his instructions,…
2Cited by2 opinions
- Kohlmeyer and Company v. SobertLouisiana Court of Appeal · 1973
- Estes v. GarrisonSupreme Court of Louisiana · 1920