Henrietta H. Wright, Respondent and Appellant v. Bank of the Metropolis, Appellant and Respondent

Summary

The Court of Appeals reversed the judgment and ordered a new trial, holding that the proper measure of damages for conversion of stock is the highest market price attained within a reasonable time after the conversion, and that the determination of a reasonable time is a question of law. The plaintiff has a duty to repurchase the stock within that time, and damages are limited to the loss actually incurred, not the highest price before trial.