Bulkley v. Derby Fishing Co.
Supreme Court of Connecticut
THIS was an action on a policy of insurance, on the ship (fiarles, from New-York to St. Bartholomews. The tried at New-liar ( August term, 181 5 cause before Edmond and Smith, .Is. On the trial, the plaintiffs read in evidence, a policy corresponding with that declared upon, signed “Canfield GiUet, president,” and countersigned “ Nathan Wheeler, assistant.”
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THIS was an action on a policy of insurance, on the ship (fiarles, from New-York to St. Bartholomews. The tried at New-liar ( August term, 181 5 cause before Edmond and Smith, .Is. On the trial, the plaintiffs read in evidence, a policy corresponding with that declared upon, signed “Canfield GiUet, president,” and countersigned “ Nathan Wheeler, assistant.” It was admitted, that the policy, when delivered to the plaintiffs, was signed and executed in this manner ; that the signatures of 6Ullet and Wheeler, with the respective additions, were genuine ; and that they held the offices in the…
1Opinion of the Court
Swift, Ch. J.
In the acts constituting banks and other corporations, regulations are made with regard to the mode in which they are to transact their business, and render their engagements obligatory. To enable them to enforce the engagements made for their benefit, they must act within the scope of their authority, and conformably to the directions of law.
In all cases, where banks, and similar corporations, conform to their charter, their acts are binding on them. So in cases where they do not conform literally to their charter, they may be liable. Suppose a banking corporation should, by a…
2Cases cited2 opinions
- Hayden v. Middlesex Turnpike Corp.Massachusetts Supreme Judicial Court · 1813
- Spear v. LaddMassachusetts Supreme Judicial Court · 1814
3Cited by16 opinions
- Trustees of the First Baptist Ch. v. . Brooklyn Fire Ins.New York Court of Appeals · 1859
- Bissell v. Michigan Southern & Northern Indiana Railroad CompaniesNew York Court of Appeals · 1860
- McCracken v. City of San FranciscoCalifornia Supreme Court · 1860
- City of Davenport v. Peoria Marine & Fire InsuranceSupreme Court of Iowa · 1864
- Muhleman v. National Insurance Co.West Virginia Supreme Court · 1873
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