Worthington v. Schuylkill Electric Railway

Citations

• 10 Pa. Super. 117
• 1899 Pa. Super. LEXIS 249

Syllabus

<p>Corporations — Unauthorized act of president — Notice—Estoppel—Contract.</p> <p>A construction company which had received the full consideration for its contract with a railroad company gave a note for the purchase of material delivered by it to the railroad company; the note was indorsed by the president of the railroad company, without authority. Held, that the payee plaintiff having taken the note without inquiry as to the president’s authority, must be deemed in law to have taken it with notice.- Such a condition does not bring the case within the accepted rule that where a corporation receives and retains the benefits of the unauthorized action of its president it is, ordinarily, estopped to deny his authority.</p>