Jacobson v. Stern

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that if a pre-incorporation contract is made by the promoter and, when eventually formed, the corporation expressly or impliedly ratifies the contract, it becomes a valid obligation of the corporation
• noting that a valid novation may occur if the creditor accepts part performance from the new obligor
• affirming district court's finding that corporate promoter remained liable on contract because he had not been replaced by the corporation under the doctrine of novation
• affirming district court’s finding that corporate promoter remained liable on contract because he had not been replaced by the corporation under the doctrine of novation

Source: CourtListener parenthetical corpus (CC0).