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COOMBS AND COMPANY OF OGDEN v. REED

No. 8506.

5 Utah 2d 419 (1956)

303 P.2d 1097

COOMBS AND COMPANY OF OGDEN, INC., A CORPORATION, PLAINTIFF AND RESPONDENT, v. JAMES E. REED, D/B/A JAMES E. REED COMPANY, DEFENDANT AND APPELLANT.

Supreme Court of Utah.

November 27, 1956.

Attorney(s) appearing for the Case

Geo. E. Bridwell, Salt Lake City, for appellant.

Richard W. Campbell, Ogden, for respondent.

McDONOUGH, Chief Justice.

Plaintiff and defendant, two uranium brokers doing business in Utah, entered into an agreement whereby defendant agreed to sell 100,000 shares of Wyoming Uranium Corporation stock and plaintiff agreed to buy the same for a contract price of $2,760. Subsequently, plaintiff entered into separate subcontracts with his customers by which he promised to sell the shares for 3¢ per share, receiving payments thereon. Thereafter, defendant breached...

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