Advance Rumely Thresher Co. v. Evans Metcalf Implement Co.

Citations

• 103 Kan. 532
• 175 P. 392
• 1918 Kan. LEXIS 315

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Promissory Notes •— Guaranty — Consideration. The consideration ' for a guaranty examined, and held sufficient.</p> <p>2. Same — Corporation Bound by Aots of Its Secretary and Manager. While a secretary of a corporation ordinarily has not authority by virtue of his office to bind his corporation, the corporation may be bound by his acts when it intrusts him with the management of its business, and where his acts are in furtherance of the corporate business.</p> <p>3. Corporation — May Act as Implement Salesagent. It is within the powers of a corporation chartered to conduct a wholesale and retail implement merchandise business to undertake the duties of an implement salesagent and the incidential obligations pertaining thereto.</p>