A brokerage sued its customers to recover for the purchase price of certain uranium stock. The brokerage
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A brokerage sued its customers to recover for the purchase price of certain uranium stock. The brokerage contends it was directed to buy the stock “as close to two cents as possible,” while the customers contend the price was to be two cents per share. Pursuant to the order, the brokerage purchased the stock and several days thereafter sent a confirmation listing purchase of the stock at two and one-eighth cents per share. The trial court found the order to buy was given at two cents per share which plaintiff executed by purchasing the stock at two and oneeighth cents per share. Is there an enforceable contract? (Baldwin v. Peters, Writer & Christensen, 41 Colo. 529)
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The court refused to imply from the facts that the price of the stock was two cents and refused to s...View the full answer
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