Dean Witter & Co. v. Tiger Tail Farms, Inc.

OPINION

BROCK, Justice.

Tiger Tail Farms, Inc., and James H. Ozment, defendánts-appellees, through their brokers, Dean Witter and Company, Inc., plaintiffs-appellants, engaged in the trading of soybean futures on the commodities exchange market at the Chicago Board of Trade. This trading was done pursuant to a contract entered into between the brokers and Tiger Tail and Ozment and pursuant to the regulations of the Chicago Board of Trade. This trading arrangement, and the account of Tiger Tail and Ozment, was terminated by Dean Witter when the latter determined that Tiger Tail had failed to…