Bi-Spool Sewing Machine Co. v. Acme Manufacturing Co.

This is an action on a written contract, purporting to be made between the plaintiff and the defendant, by which the defendant, in consideration of a transfer to it of all the plaintiff’s stock, tools, material, and machinery, and the plaintiff’s agreement to license the defendant under all its patents, agrees to pay all the plaintiff’s debts, as by schedule, amounting to $18,261.67, and to pay royalties. The defendant’s name is signed by its president, Joseph F. Paul, and the question is whether there was any evidence of the president’s authority to make or to sign the contract.

On April…