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SINCLAIR & CO., INC. v. GURULE

No. 16219.

757 P.2d 225 (1988)

114 Idaho 362

SINCLAIR & COMPANY, INC., an Idaho corporation, Plaintiff-Respondent, v. Raymond GURULE, Defendant-Appellant.

Court of Appeals of Idaho.

June 1, 1988.

Attorney(s) appearing for the Case

Gleason D. Anderson, Burley, for defendant-appellant.

Harry Turner, Twin Falls, for plaintiff-respondent.

SWANSTROM, Judge.

Sinclair & Company, Inc., a futures commission merchant, obtained a judgment against Raymond Gurule for the debit balance of his customer account. On appeal, Gurule contends: the district court lacked subject matter jurisdiction; Sinclair's claim is not enforceable as a matter of public policy; Sinclair has no corporate authority to engage in the business of commodity trading or futures contracts; and the district court erred in refusing to quash...

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