OPINION
BRIEANT, Chief Judge.
In dispute in this action is ownership of municipal bonds with a face value of $75,000. On October 8, 1984, Barry Spitel ordered J.B. Hanauer & Co. ("Hanauer") to purchase the bonds for the account of Harry Spital, Barry Spital's father. The bonds were delivered by Hanauer to the offices of Gabalis Mfg., Inc. ("Gabalis"), of which Barry Spital had been a principal until July, 1984. Barry Spital had withdrawn from that enterprise...
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