Montgomery v. Lindsay

Citations

• 44 Pa. Super. 516
• 1910 Pa. Super. LEXIS 211

Syllabus

<p>Brokers — Contract—Sale of stock — Delay in delivery of certificate— Dividend.</p> <p>Where an owner of stock directs a broker to sell it, but after the sale refuses to deliver the certificate until a dividend is declared and has accrued to him, and the broker is obliged under the rules of the stock exchange to make good the dividend to the purchaser out of his own pocket, the broker may recover the amount thus paid, from his customer.</p>