Brown v. Cole

YOUNG, Justice.

Appellees Cole and Gould sued Beer & Company, a copartnership, and Edmond L. Brown, its employee, for recovery of the sum of $10,000 with legal interest, representing an expenditure of $5,000 by each plaintiff allegedly for securities sold to them by defendants in violation of the Texas Securities Act, Art. 600a, Vernon’s Ann. Civ.St. It was claimed that Brown was acting as the duly authorized agent of Beer & Co., or, alternatively, in his individual capacity and as such was a “dealer” within the terms of the Act; invoking in particular, sec. 33a, providing in part: “Every sale…