W. E. Friedlander & Co. v. Cornell

Citations

• 45 Tex. 585

Syllabus

<p>1. Letter of credit — Principal and agent — Evidence.—A letter of credit which announces the one to whom it is given as the agent of the writer, and which requests that any goods or assistance the agent may need should he furnished and charged to the account of the writer, but which gives no authority in terms to draw drafts, does not authorize the agent to draw a draft on the writer of the letter for advances made by the party to whom it is addressed. But in a suit on the drafts against the writer, it is competent to show other acts and admissions of the writer to fix his responsibility.</p> <p>2. Bills of exchange — Principal and agent. — Authority to draw a bill of exchange may he presumed from repeated acts of the agent, adopted and confirmed by the principal previous to the contract in which the question is raised.</p>