New Georgia National Bank v. J. & G. Lippmann

Plaintiff sues upon a promissory note signed “J. & G. Lippmann L. J. Lippmann, Pres.” In the complaint it is alleged that the corporate defendant denies the authority of the individual defendant to execute the note as its president. The plaintiff, therefore, asks judgment on the note in the alternative against the corporate or individual defendant under the provisions of section 213 of the Civil Practice Act.

The individual defendant attacks the complaint upon the ground that even if he signed the note on behalf of the corporate defendant without authority, he is not liable upon the note, but…