Bliss v. Kaweah Canal & Irrigation Co.

Citations

• 65 Cal. 502
• 4 P. 507
• 1884 Cal. LEXIS 611

Syllabus

<p>Corporation—Conveyance—Seal—Evidence.—Where the corporate seal of a corporation, accompanied by the signatures of the proper officers, is affixed to an instrument, the seal is itself prima, facie evidence that it was affixed by proper authority.</p> <p>Id.—Authority of President—The president of a corporation has no authority, by virtue of his office, to purchase or sell real property for the corporation at his discretion. The power can be conferred only by the board of trustees.</p> <p>Id.—Estoppel. A corporation is not estopped to deny the validity of an unauthorized act of an agent when it has not availed itself of any benefit from his act.</p>