Fed. Sec. L. Rep. P 92,790 Rayford Price and Barbara Ashley Price v. Drexel Burnham Lambert, Inc. And George Wilmot

U.S. Court of Appeals, Fifth Circuit · Decided 1986-06-11

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GARZA, Circuit Judge: On November 22, 1982, Rayford Price and Barbara Ashley Price (the “Prices”) established a brokerage account with Drex-el, Burnham Lambert, Inc. (“Drexel”). 1 At that time they signed a Customer’s Agreement that contained the following provision: Sixteenth:…

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