Read the full judgment text of CACV 001314/1981 on BabelCite. This Court of Appeal judgment was delivered on 30 June 1982.
1. In this matter the plaintiffs who are commodity brokers sue the defendant, who was one of their clients, for an amount of US$49,528.00, such sum being the deficit owing on the defendant's account with the plaintiffs when it was liquidated by them on the 10th December, 1980. This deficit arose when the defendant failed to meet calls made upon him for additional margins. The defendant counterclaims saying that the account was liquidated with his acquiescence, if not his direction, on the 8th De