Standard Brewery v. Kelly

The charter of appellant contains the following:

“ Second. The object for which it is formed is to carry on the business of manufacturing, buying and selling, both at wholesale and retail, of malted beer and fermented liquors, and all kinds of brewers’ materials and supplies, and to carry on a general malting and brewing business in all its branches.”

It is contended that the guaranty of appellant upon the lease made to Mr. Stone was ultra vires.

The business of appellant was to manufacture and sell, at wholesale and retail, malted beer and fermented liquors, etc. Whatever was necessarily or…