Moriarity v. Meyer

Citations

• 21 N.M. 521

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. A corporation is not liable on contracts made by its promoters before it is incorporated, in the absence of an -adoption thereof by it.</p> <p>P. 523</p> <p>2. An adoption by a corporation of contracts made in its behalf by promoters before its incorporation may be express or implied.- Where the corporation receives the benefits thereof, with full knowledge of the facts, an implied adoption by way of estoppel takes place.</p> <p>P, 524</p> <p>3. Whether the doing of certain acts by an officer of a corporation after its incorporation was with intent to adopt the promoter’s contract or not is a question of fact for the determination of the jury. P. 528</p> <p>4. Where the findings of the trial court are supported by substantial evidence, the same will not be disturbed on appeal.</p> <p>P. 528</p>