GUAY v. SCHNEIDER, BERNET & HICKMAN, INC.

No. 3808.

341 S.W.2d 461 (1960)

Roland H. GUAY, Appellant, v. SCHNEIDER, BERNET & HICKMAN, INC., Appellee.

Court of Civil Appeals of Texas, Waco.

Rehearing Denied December 19, 1960.


Attorney(s) appearing for the Case

Vance Dunnam, Waco, for appellant.

Phil Teeling, Waco, for appellee.


WILSON, Justice.

Appeal from summary judgment. Appellee, an investment broker, alleged appellant established a margin account and ordered it to make a "short" sale of securities; that after the sale was made by appellee as his broker, appellant delivered his check to meet margin requirements; that the check was dishonored by the bank, and upon appellant's failure to make payment after notice, the account was liquidated by the purchase of securities at a higher price...

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