MAIN v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.

Docket No. 38083.

67 Cal.App.3d 19 (1977)

136 Cal. Rptr. 378

EDITH E. MAIN, Plaintiff and Respondent, v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC., et al., Defendants and Appellants.

Court of Appeals of California, First District, Division One.

February 10, 1977.


Attorney(s) appearing for the Case

COUNSEL

Orrick, Herrington, Rowley & Sutcliffe, W. Reece Bader and Laird H. Simons III for Defendants and Appellants.

Cullinan, Burns & Helmer, Vincent Cullinan and Robert C. Schubert for Plaintiff and Respondent.


OPINION

MOLINARI, P.J.

Defendant Merrill Lynch, Pierce, Fenner & Smith Inc. (Merrill Lynch), a stock brokerage firm, and its "account executive," defendant Jack Smith, had been engaging in interstate securities transactions for the account of a customer, plaintiff Edith Main. At defendant Smith's suggestion she signed a writing called a "Lending Agreement" which permitted Merrill...

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