City Bond & Share, Inc. v. Klement

— The respondent, a brokerage house engaged in buying and selling securities at Seattle, Washington, brought this suit to recover judgment against the appellants on a promissory note for $6,500, and for $919.67 as commissions on the purchase and sale of stocks. The complaint contained two separate causes of action, one upon the note and the other upon the commissions.

The- appellants in their answer denied liability as to each cause of action, and pleaded affirmatively seven separate defenses. The tenor of these defenses was that the note had been pledged with the respondent to secure the…