Quinn v. American Bankers' Assurance Co.
Missouri Court of Appeals
Appeal from St. Louis City Circuit Court.—No». Wm. B. Homer, Judge. (1) Actual authority of an officer to make contracts or to act in a certain capacity for a corporation may he shown not only hy resolution of a hoard of directors, but by inference or from his being allowed for a considerable period with the knowledge of the directors to exercise the authority. Tyler’s Estate v. Hoffman, 146 Mo.
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Appeal from St. Louis City Circuit Court.—No». Wm. B. Homer, Judge. (1) Actual authority of an officer to make contracts or to act in a certain capacity for a corporation may he shown not only hy resolution of a hoard of directors, but by inference or from his being allowed for a considerable period with the knowledge of the directors to exercise the authority. Tyler’s Estate v. Hoffman, 146 Mo. App. 5101; Washington, etc., Bk. v. Butchers, etc., Bank, 107 Mo. 33. (2) Not only is it unnecessary that there be previous authority or formal ratification to make an agent’s act binding on his…
1Opinion of the Court
NORTON!, J.
This is a suit for money advanced to the use and benefit of defendant’s predecessor, the American Bankers’ Assurance Company, incorporated under the laws of Missouri. The finding and judgment were for defendant, and plaintiff prosecutes the appeal.
Defendant, American Bankers’ Assurance Company, is a corporation- organized and existing under the laws of the State of Delaware and appears to be a mere continuation of the prior company by the. same name which was organized under the laws of Missouri and to whose benefit plaintiff advanced the money here sued for.
Plaintiff, Samuel…
2Cases cited14 opinions
- Hibernia Ins. v. St. Louis & New Orleans Transp. Co.U.S. Circuit Court for the District of Eastern Missouri · 1882
- Thompson v. AbbottSupreme Court of Missouri · 1875
- First National Bank v. FrickeSupreme Court of Missouri · 1881
- Indianapolis, Cincinnati & Lafayette Railroad v. JonesIndiana Supreme Court · 1868
- Washington Savings Bank v. Butchers & Drovers' BankSupreme Court of Missouri · 1891
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3Cited by7 opinions
- Drug, Inc. v. HuntSupreme Court of Delaware · 1933
- Collinsville Nat. Bank v. EsauSupreme Court of Oklahoma · 1918
- Sweeney v. Heap O'Brien Mining Co.Missouri Court of Appeals · 1916
- American Railway Express Co. v. SneadSupreme Court of Oklahoma · 1923
- Abercrombie v. United Light & Power Co.District Court, D. Maryland · 1934
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