Greenburg v. Whitney

The following facts were undisputed. The plaintiff, a customer of the defendants, on March 8, 1920, gave them an order for the purchase of forty shares of Stutz Motor Company stock; and he had on deposit with them the required margin. On the following day he received *305a statement or confirmation that the purchase had been made at $122.25 per share. A delivery of this stock was made on March 9, to F. B. Keech and Company, members of the New York Stock Exchange, who were correspondents of, and executed the order for, the defendants. Keech and Company continued to hold the stock for the…