Flanagan v. American Minerals Producing Co.

Citations

• 108 Wash. 569
• 185 P. 609
• 1919 Wash. LEXIS 923

Syllabus

<p>Bills and Notes (136)—Consideration—Evidence—Sufficiency. On conflicting evidence, a finding of consideration for a note given by a corporation is supported by evidence that it was given to secure a current indebtedness for expenses incurred in the company’s interest.</p> <p>Corporations (152)—Powers—Ultra Vires Acts—Estoppel. In an action on promissory notes made by a corporation, the defense of ultra vires is not available where the defendant has accepted and enjoyed the benefit of the services and expenses for which the note was given.</p>