Kernahan v. Wallace

Plaintiff brought suit against defendants, who are stockbrokers, for money paid -to them incident to an order to purchase stock for plaintiff. Judgment was adverse to defendants, and they have appealed.

On the 9th of March, 1931, plaintiff, through Mr. Coker, an employee of defendants, placed with the latter an order for- the purchase of 200' shares' of stock of the American State Bank at $35 or less. This order was forthwith communicated to defendants’ representative at the Detroit Stock Exchange, and 200 shares of the stock were purchased for plaintiff’s account. On the following day…