Pac. Vinegar & Pickle Works v. Smith

Sidney M. Smith in his lifetime was the president of the plaintiff corporation. This action was brought against his estate to recover as damages the balance remaining due on certain promissory notes executed by the California Packing Company to plaintiff corporation, which were accepted and received by Sidney M. Smith as president of the corporation without authority so to do and against the express instructions of plaintiff’s' board of directors. Trial was had before a jury, whose verdict passed for plaintiff. Prom the judgment which followed and from the order denying the motion for a new…