Home > Journals > Michigan Law Review > MLR > Volume 29 > Issue 7 (1931)
Abstract
Plaintiffs, brokers, sold on the Exchange as agents for a supposedly reputable customer, certain negotiable bonds. Purchasers, upon learning that the bonds had been stolen, returned them to the plaintiffs who, pursuant to a rule of the Exchange, substituted other bonds of unquestioned title. In an action by the plaintiffs against an insurance company, subrogated to the rights of the original owners, for a declaration of ownership, held, for the plaintiffs. Gruntal v. National Security Co. (N. Y., Nov., 1930) 173 N.E. 682.
Recommended Citation
BROKERS-LIABILITY IN CONVERSION FOR SALE OF STOLEN BONDS,
29
Mich. L. Rev.
926
(1931).
Available at:
https://repository.law.umich.edu/mlr/vol29/iss7/13