Dale & Banks v. Donaldson Lumber Co.
Supreme Court of Arkansas
APPEAL from Hot Spring Circuit Court. Hon. J. B. Wood, Judge. 1. Corporations are bound by the acts of their agents within the apparent scope of their authority. Story Agency, sec. 127. Putnam was one of the incorporators, owner of one-third of the stock, a director, secretary and business manager of the company. Plaintiffs had no notice of any limitation upon Putnam’s authority, and he will be held to have the usual scope of authority of agents of his class.
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APPEAL from Hot Spring Circuit Court. Hon. J. B. Wood, Judge. 1. Corporations are bound by the acts of their agents within the apparent scope of their authority. Story Agency, sec. 127. Putnam was one of the incorporators, owner of one-third of the stock, a director, secretary and business manager of the company. Plaintiffs had no notice of any limitation upon Putnam’s authority, and he will be held to have the usual scope of authority of agents of his class. See 2 L. R. Ex., 228; 82 III., 73. Appellees claim that Putnam had no authority to make a contract of this kind; that it was ultra…
1Opinion of the CourtSmith, J.
The Donaldson Lumber Company was a cor- ' ■ . Poratlon °* -f°wa) engaged in the manufacture of lumber in this state. Putnam was its secretary, treasurer and general business manager, besides being one of its directors and the owner of nearly one-third of its stock. One Watson, a laborer employed by the company, was dangerously wounded, not, however, in the course of his employment, but in a private brawl. Thereupon Putnam sent the following telegram :
1. Agent’s personal contraoyt°n
“Donaldson, Ark., 10-7-1883.
“To Dr. Dale, Arkadelphia:
“ Come here immediately by quickest means; man shot in…
2Cited by18 opinions
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