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

No. 4285.

245 A.2d 426 (1968)

William A. TAYLOR, Appellant, v. MERRILL LYNCH, PIERCE, FENNER & SMITH, INC., a corporation, Appellee.

District of Columbia Court of Appeals.

Decided September 5, 1968.

Attorney(s) appearing for the Case

John C. Smuck, Washington, D. C., with whom James R. Murphy, Washington, D. C., was on the brief, for appellant.

Harry L. Ryan, Jr., Washington, D. C., with whom John J. Carmody, Jr., Washington, D. C., was on the brief, for appellee.

Before HOOD, Chief Judge, and MYERS and FICKLING, Associate Judges.

MYERS, Associate Judge.

Appellee is a securities dealer with whom appellant kept a trading account, in his name only. Appellant's estranged wife, residing in the state of Washington, who was not authorized to draw on the account, wrote to appellee saying that an emergency had arisen and asked to withdraw $1,000.00. At that time the account contained a balance of $1,072.14. Appellee drew a check for $1,000.00, payable to appellant, mailed it to his wife at her residence...

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