C. Clothier Jones v. Adams

Opinion by

Baldrige, J.,

The plaintiffs, who are engaged in the stock and bond brokerage business, alleged in their statement that on May 24, 1928, the defendant verbally placed an open order with them to buy one hundred shares of Studebaker stock at $78 per share. Acceptance in writing of the order was forwarded to and received by the defendant. On May 29, 1928, the plaintiffs bought the stock on the New York Exchange, paid for it and charged the price thereof to defendant’s account, and on the same day informed him of the purchase. On June 19,1928, plaintiffs notified the defendant that…