Patterson v. Ongley Electric Co.
New York Supreme Court
Appeal from circuit court, New York county. Action by- Thomas A. Patterson against the Ongley Electric Company to recover commissions for selling 1,500 shares of defendant’s stock. From a judgment entered on a verdict directed by the court in favor of plaintiff for $3,716.80, defendant appeals.
1Opinion of the CourtParker, J.
In pursuance of a written contract, signed, “The Ongley Electric Company, T. W. Robertson, President,” the plaintiff’s assignor, J. F. Wiechers, undertook to and did sell 1,500 shares ®f the treasury stock of the Ongley Electric Company for $90,000, upon an agreed commission of 5 per cent. $1,550 was paid out of the treasury of the company to Wiechers on account of the commissions, but it has refused to pay the balance. The grounds on which defendant bases its refusal to pay is that the president had no authority to make the contract. The facts are briefly that on the 5th day of April, 1892,…
2Cases cited3 opinions
- Oakes v. Cattaraugus Water Co.New York Court of Appeals · 1894
- Patterson v. . RobinsonNew York Court of Appeals · 1889
- Jourdan v. Long Island RailroadNew York Court of Appeals · 1889
3Cited by1 opinion
- Westchester Mortgage Co. v. Thomas B. McIntire, Inc.Appellate Division of the Supreme Court of the State of New York · 1916