Ulery v. Ginrich

Citations

• 57 Ill. 531

Syllabus

<p>Partnership—power of the several partners to give promissory notes in the name of the firm. While in the case of commercial partnerships each partner may execute promissory notes and other negotiable securities, in the name of the firm, or do any other acts which are incident or appropriate to such trade or business, according to the common course and usages thereof, yet where the partnership is organized for farming purposes, the partners do not, as incident thereto, possess a power to draw or accept bills, or to draw or endorse notes for the firm. In such cases there must be some proof that au express authority is given for this purpose, or that it is implied by the usages of the business, or the ordinary exigencies and objects thereof.</p>