Shapleigh Hardware Co. v. Lewis

Citations

• 118 Miss. 586
• 79 So. 796

Syllabus

<p>Corporations. Ultra vires. Purchase of automobile supplies.</p> <p>Where a charter of a company expressly provides that the company may “conduct a general automobile and taxicab business for the carriage of passengers,” such a company has the power through its officers to buy automobile supplies and its power so to do cannot be questioned by a seller of supplies in a suit against such officers, as partners on the ground that the purchase was ultra vires.</p>