Legal Opinion
Framingham Savings Bank v. Joseph Szabo, Trustee
Court of Appeals for the First Circuit
Decided March 27, 1980No. 79-1525PublishedCited by 13 opinions
1Opinion of the Court
COFFIN, Chief Judge.
The sole question to be decided on this appeal is whether a corporation may be bound under Massachusetts law by the terms of a contract executed by its founder for its benefit, when the corporation had no legal existence at the time the contract was executed, but when after legal incorporation the firm accepted the benefits of the contract with knowledge of its terms. We hold that the corporation in this case is bound and therefore reverse the judgment of the district court.
The relevant facts in this case are not in controversy and may be briefly stated. In February, 1972,…
2Cases cited10 opinions
- Abbott v. HapgoodMassachusetts Supreme Judicial Court · 1889
- Mansfield v. LangMassachusetts Supreme Judicial Court · 1936
- Morgan v. . Bon Bon Co.New York Court of Appeals · 1917
- Holyoke Envelope Co. v. United States Envelope Co.Massachusetts Supreme Judicial Court · 1902
- Baker v. Bates-Street Shirt Co.Court of Appeals for the First Circuit · 1925
5 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Katz v. PreteSupreme Court of Rhode Island · 1983
- Joseph B. Doherty, Sr. v. Doherty Insurance Agency, Inc.Court of Appeals for the First Circuit · 1989
- John Deere Co. v. First Interstate Bank of Arizona, N.A.Court of Appeals of Arizona · 1985
- Devine & Devine Food Brokers, Inc. v. Wampler Foods, Inc.Court of Appeals for the First Circuit · 2002
- Copp v. HagueMassachusetts District Court, Appellate Division · 1994
8 more not listed; retrieve them via the Exa API.