Earle

During the months of May and June, 1925, the defendants were licensed brokers and as such brokers were fiscal agents for sale of stock of the Pasadena Mercantile Finance Corporation, a California corporation. •On or about June 2, 1925, one Edward Sloane, claiming to be a salesman of the defendants, solicited the plaintiff to purchase units of the capital stock of said Pasadena corporation. In the complaint it is alleged that said Sloane as agent of the defendants represented to plaintiff that he was a duly licensed and bonded salesman employed by the defendants ; that relying upon the fact of such employment, which had been acknowledged and ratified by defendants in a previous transaction involving the purchase of a unit of capital stock of said corporation, plaintiff delivered to said defendants, through said salesman as such agent of defendants, two corporate gold bonds having a market value of $1985; that, in consideration thereof, defendants by their said agent agreed to obtain for plaintiff' five units of said stock, having a par value of $5,100; that plaintiff was not familiar with the law and did not know, as defendants did well know at said time, that any issuance of said…