OTT, C.J.
May 8, 1961, Robert P. Konop ordered 300 shares of the corporate stock of Thiokol Company from Merrill, Lynch, Pierce, Fenner & Smith, Inc., a brokerage firm in Seattle, and represented that he had sufficient funds to pay the purchase price of $13,323. May 11th, before the stock was delivered or paid for, Konop called the broker and ordered the stock sold at the then market price of $14,078.15.
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