Wahlig v. Standard Pump Manufacturing Co.
City of New York Municipal Court
Action by Charles P. Wahlig” against the Standard Pump Manufacturing Company on a promissory note. There was a trial by the court without a jury. For former report, see 5 FT. Y. Supp. 420.
1Opinion of the CourtMcAdam, C. J.
The note was made by Pearl, and indorsed: “Standard Pump Mfg. Co. J. F. Herron, Treasurer.” The note did not concern any business of the corporation, and was indorsed by its treasurer for the accommodation of the maker. There was no by-law or resolution of the board of directors authorizing the treasurer to indorse negotiable paper; nor was there any proof of a recognized course of dealing by which the treasurer was held out as possessing such power, or any evidence of ratification on the part of the corporation. The corporation received no benefit from the note, and the proceeds never…
2Cases cited4 opinions
- Mechanics' Banking Ass'n v. New York & Saugerties White Lead Co.New York Court of Appeals · 1866
- Westerfield v. RaddeNew York Court of Common Pleas · 1877
- Wahlig v. Standard Pump Manuf'g Co.City of New York Municipal Court · 1889
- Mather v. Union Loan & Trust Co.City of New York Municipal Court · 1889