Raleigh Banking & Trust Co. v. Safety Transit Lines, Inc.

The record presents the following questions of law:

1. Is the acceptance of the lease by Safety Transit Lines, Inc., void by reason of the fact that the corporate seal was not affixed thereto ?

2. Was Gresham, president of Safety Transit Lines, authorized to consent to said lease?

3. Did the Safety Transit Lines, Inc., ratify said lease by taking possession of the property and using the same until the receivership ?

4. Did the failure of Seashore Transportation Company to sign the lease release the obligation of Safety Transit Company ?

No statute of this State has been called to our attention…