Kutz v. Fleisher

Citations

• 67 Cal. 93
• 7 P. 195
• 1885 Cal. LEXIS 555

Syllabus

<p>Contract to Purchase', and Sell Stock—Statute of Ebauds.—A contract between brokers, whereby one agrees to purchase and sell stocks for the account' of the other, to advance money for the purpose, and pay assessments on the stocks purchased, is not obnoxious to section 26, article iv., of the Constitution, and is not required by the statute of frauds to be in writing.</p> <p>Id.—Mutual Account—Statute of Limitations.—The action being regarded by the court as one to recover a balance due on a mutual, open, and current account, held, that the Statute of Limitations was not a bar.</p>