182 Mass. 202 | Mass. | 1902
We are of opinion that the exceptions in this case should be overruled.
1. The first ruling requested by the defendants was that a verdict in their favor should be entered as matter of law.
In support of this they first contend that it was not shown what ten shares of Parrot and ten shares of C. B. & Q. were, and therefore the court cannot as matter of law say that they were securities or commodities within St. 1890, c. 437. But without going further, it is enough to dispose of this contention that these were not the only securities dealt in and therefore a general verdict for the defendants could not have been entered, even if their position is correct.
Their next contention is that the relation between the parties was that of principal and agent, and not of buyer and seller. But the first three counts are common counts, and the fourth is a special count within the second clause of St. 1890, c. 437, § 2.
Their third and fourth contentions are that the transactions were entirely between the defendants’ agent Gaylord and the plaintiffs, and there was no proof of any agency on the part of Gaylord beyond a general agency; and that does not include the making of the illegal contracts which are the subject of this action.
The plaintiffs rely on the cases holding that a sale of liquor by a clerk in a place kept by the defendant is sufficient evidence of a sale by the defendant through his agent. Commonwealth v. Holmes, 119 Mass. 195. Commonwealth v. Perry, 148 Mass. 160. But these cases do not quite cover the case at bar'; for the bur
The defendants’ fifth contention in support of their request for a verdict in their favor is that the evidence discloses no transactions within the meaning of the act. But after the evidence elicited by the defendants on cross-examination of each plaintiff, there was no question of this kind in the case. The defendants asked the plaintiffs on cross-examination whether they intended any stocks to be bought; had this question been asked on direct examination, it would not have been competent, Marks v. Metropolitan Stock Exchange, 181 Mass. 251, but the defendants chose to ask it, and in answer to that question and further questions put by the defendants on cross-examination, the plaintiffs testified that it was understood that no stock should be bought at all, but that it was a question of making money on the rise and fall of prices as they should be recorded on the ticker. Although such evidence would not have been competent if offered by the plaintiff, when put in by the defendant it is evidence to be considered by the jury, Damon v. Carrol, 163 Mass. 404, and is evidence that that intention was disclosed at the time.
2. The fifth and seventh rulings requested by the defendants were: “ Fifth. If the contract was merely to employ Fuller & Tilton to purchase securities, the plaintiff cannot recover under the statute of 1890, even though Fuller & Tilton purchased the
The other exceptions have not been argued, and we treat them as waived.
Exceptions overruled.