Hopkins v. O'Kane

Citations

• 169 Pa. 478
• 32 A. 421
• 1895 Pa. LEXIS 1117

Syllabus

<p>Contract — Gambling contract — Tur chase of slocks upon margin.</p> <p>A judgment entered on a judgment note given to a broker to secure margins will not be opened where the evidence shows that the broker at defendant’s request, and with defendant’s money, bought shares of stock, and received and retained the certificates until at defendant’s request they were sold again; that the proceeds of the stock were retained by the broker, and used by him in part payment of other stock purchased at defendant’s request; and that the purchase and sale of stocks continued in this way until the defendant was in the broker’s debt, when the judgment note in question was given to secure the balance due.</p>