Bornstein v. Hanes

Parry, J.,

In March, 1931 the defendants were stockbrokers trading under the name of Charles D. Barney and Company. At that time the plaintiff who had been dealing with them for a number of years and had bought and sold securities through them on numerous occasions, was looking for a short term investment yielding a good return. On March 3, 1931 he purchased through their employee Remington five 6% bonds of the Borough of Union Beach, New Jersey, due December 1,1933 at 90 plus accrued interest, which came to $4577.50.

Two and a half years later the plaintiff brought this suit to rescind the…