Central Reporter; All Cases Determined in the Courts of Last Resort, as Follows

Central Reporter; All Cases Determined in the Courts of Last Resort, as Follows : New York ... New Jersey ... Pennsylvania ... Delaware ... Maryland ... District of Columbia Volume 3

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1886 edition. Excerpt: ... defendant appealed. The testimony of the defendant, taken subgect to exception, including the Pennsylvania ecisions offered, under the agreement as to the alleged law of Pennsyl vania, with reference to the validity of the dealings between plaintifls and defendant, was, on motion of plaintiffs, improperly ruled out as irrelevant to the issues. The six prayerslof plaintiffs were granted, and the defendant's eleven prayers were rejected. While the testimony of the plaintiffs tends to show that the dealings between them and defendant were bona fida, and that an actual delive? of the articles bought and sold by them for efendant were intended, and there were actual purchases and sales niade, and actual delivery to the defendant was not made because waived by him, or an equivalent under the rules of exchange was accepted by him, the proof also shows that in the numerous transactions there was no actual delivery but in a sin le instance; and the defendant testifies explicitisy that it was the express understanding between him and plaintiffs that the stocks and grain were not to be bought outright, and no delivery was to be made, but that he was simply to deal with them on margins; if the market was in his favor he would gain, if it went against him he would lose; that the total amount of margins put up by him outside of mere profits from the fluctuations of the market was $1,700. He further testified that while the transactions carried on within his margins of 5 and 10 per cent aggregated $800,000, some of the items-of purchase an sale amounting to over $17,000, he was worth only $3,500; that he was a lawyer by occupation, and resided next door to plaintifis. who knew him well. This and similar testimony from him was competent to go to the nr....show more

Product details

  • Paperback | 950 pages
  • 189 x 246 x 47mm | 1,660g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236787137
  • 9781236787132