Norwood Trust Co. v. Twenty-Four Federal Street Corp.

The facts appear in a case stated. The defendant is the same corporation that in 1928 was dealing in securities under the name of Harris, Forbes & Company, Incorporated. On April 14, 1928, it sold to the plaintiff first mortgage coupon bonds, due April 15, 1950, of the par value of $5,000, issued by National Press Building Corporation, at 99z/i plus accrued interest. On April 30, 1928, it delivered to the plaintiff the foregoing in the form of temporary bonds, and the plaintiff paid the price, $5,000.49. On or about October 1, 1928, the temporary bonds were replaced by permanent bonds. From…