Tift v. Quaker City N. Bank

Citations

• 141 Pa. 550
• 21 A. 660
• 1891 Pa. LEXIS 1102

Syllabus

<p>1. The promise of a single promoter of a national bank, made prior to incorporation, that the plaintiff should be paid for services to be rendered in procuring subscriptions to the capital stock, will impose no liability upon the bank after incorporation.</p> <p>2. Testimony that, at a meeting of the board of directors, after incorporation, the claim of the plaintiff was called to the attention of the board as a liability, and was not objected to, is not sufficient evidence of a ratification of plaintiff's employment.</p>