Greensboro Gas Co. v. Home Oil & Gas Co.

Citations

• 222 Pa. 4
• 70 A. 940
• 1908 Pa. LEXIS 649

Syllabus

<p>Corporations — Contract—Directors—Quorum—Ratification.</p> <p>A natural gas company cannot allege that a contract to sell its gas to another company is invalid and not binding because it was not approved at a meeting of the directors when a quorum was present, if it appears that negotiations leading up to the agreement were known to the members of the board of directors, that the other party had made large expenditures of money necessary to convey the gas to its mains, had appointed employees to read meters, had secured rights of way, and that both companies had treated the agreement as a valid contract and did everything required to be done under its terms for a considerable length of time.</p>