Ford v. Hill
Wisconsin Supreme Court
Appeal from a judgment of the circuit court for Milwaukee county: D. TI. JohNsoN, Circuit Judge. The Lappen Furniture Company, a corporation, was organized in the city of Milwaukee, in December, 1892, for the purpose of carrying on a furniture business.
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Appeal from a judgment of the circuit court for Milwaukee county: D. TI. JohNsoN, Circuit Judge. The Lappen Furniture Company, a corporation, was organized in the city of Milwaukee, in December, 1892, for the purpose of carrying on a furniture business. Frank A. Lap-pen was president;. A. T. Tanner, secretary and treasurer; and they two, with Joseph Bub, constituted the board of directors, from the time of the organization of the company up to and during all the transactions to which this action relates. The entire management of the corporation was intrusted to the president and secretary.…
1Opinion of the CourtMaeshall, J.
The question presented here, at the outset, is not whether the president of a corporation, without having been specially authorized thereunto by the board of directors, but by reason of the general and ordinary powers pertaining to his office, can bind the corporation by the execution of á power of attorney to confess a judgment. There is no controversy but that the note was taken by the bank in good faith; that it loaned the $20,000 on the faith of the note and the accompanying power of attorney, and *193that it supposed, and had good reason to suppose, that the president, Lappen, was duly…
2Cases cited17 opinions
- Martin v. WebbSupreme Court of the United States · 1884
- Sherman v. FitchMassachusetts Supreme Judicial Court · 1867
- Knox County v. HarshmanSupreme Court of the United States · 1890
- Atwater v. American Exchange Nat. BankIllinois Supreme Court · 1894
- Emerson v. Providence Hat Manufacturing Co.Massachusetts Supreme Judicial Court · 1815
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3Cited by35 opinions
- Hinz v. Van DusenWisconsin Supreme Court · 1897
- Marvin v. AndersonWisconsin Supreme Court · 1901
- Winterfield v. Cream City of Brewing CompanyWisconsin Supreme Court · 1897
- St. Clair v. RutledgeWisconsin Supreme Court · 1902
- G. V. B. Min. Co. v. First Nat. Bank of HaileyCourt of Appeals for the Ninth Circuit · 1899
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