Heimerdinger v. Schnitzler

Defendant appeals, by permission, from a determination of the Appellate Term reversing a judgment dismissing the complaint and ordering judgment for plaintiffs.

On June 17, 1929, the defendant purchased from plaintiffs, dealers in unlisted securities, some Mexican bonds, to be paid for on delivery. The sale was confirmed by a letter of the plaintiffs dated June 17, 1929, reading: “ We herewith beg to confirm having sold to you today pesos 20,000 Mexican Silver 5’s at 7 3/8 net, sellers sixty days.” Thereafter no further communications were had between the parties until December 2, 1929, when…