J. S. Curtiss & Co. v. White

PELPHREY, Chief Justice.

On April 22, 1931, appellee, who was then (he owner of 21 shares of stock in the Electrical Securities Corporation, delivered to appellant said stock at a valuation of $90 per share, and in turn appellant delivered to her 19 shares of stock of the Texas-Louisiana Power Company, valued at $98 per share; appellee receiving the difference in cash.

Appellee filed this suit on August 23, 1934, seeking to recover, from J. S. Cur-tiss & Co., Inc., the value of the Electrical Securities Corporation stock, which was alleged to be $2,000.

On December 17th of the same year,…