New York Court of Appeals December 23, 1869 (Markham v. Jaudon)

lead-opinion

Hunt, Ch. J.

An analysis of the contract in question, and a separation of the powers and obligations of the parties thereto, will enable us the better to determine its character. The customer, Mr. Markham, employs the broker, Mr. Jaudon, to buy certain railroad stocks for his account, and to pay for them, and'to hold them subject to his order as to the time of sale.