Bank of Commerce v. Baird Mining Co.

Citations

• 13 N.M. 424

Syllabus

<p>SYLLABUS.</p> <p>.,1.- The managing agent of a mining corporation has no implied power- to pledge the credit of his principal by drawing :and cashing bills of exchange, and if he does so it must be by reason of some special authorization.</p> <p>2. One who discounts a bill of exchange drawn by the managing agent of a mining corporation in the name of the principal, without inquiring into the authority of the agent, does so at his peril.</p> <p>'3. A general finding of facts by the court where a jury is waived, is -sufficient upon which to base a judgment and the court is not hound to make special findings in the absence ' of a request -therefor.</p>