Stagg v. Kansas Free Fair Ass'n

Citations

• 105 Kan. 600
• 185 P. 893
• 8 A.L.R. 478
• 1919 Kan. LEXIS 137

Syllabus

<p>SYLLABUS BY THE COURT.</p> <p>1. Contract op Employment — Findings of Trial Court. The facts in dispute touching the duration and terms of a contract of employment examined, and no error discerned in the trial court’s determination . thereof.</p> <p>2. Corporation — Action of Board, of Directors — When Not Conclusive on Corporation. Although a board of directors of a corporation hears the reading of a financial report of the corporation’s liabilities and approves the report, the corporation is not thereby precluded from afterward denying its liability on specific items set out in the report.</p> <p>3. Same — Authority of President to Bind Corporation. Where a president of a corporation is not shown to have authority to obligate the corporation, a letter written by him endeavoring to pacify an insistent creditor, and promising to make a desperate effort to raise money to take up the corporate debts, and the letter included the promise, “Your account is among the others of which I am fully aware; and if we can raise this money it will be one of the first taken care of,” it is . held that such promise is subject to explanation and is not necessarily binding on the corporation.</p>