Whitlatch v. Bond & Mortgage Co.

Preston, J. —

Tlie defenses were: denial of the genuineness of the signature of the defendant; denial of the execution of the note; denial of authority of the vice president to execute the same; and the allegation that the note sued upon was ultra vires, and Avithout consideration, Plaintiff replied, alleging that the note was authorized, was for a valuable consideration, and is not ultra vires; that defendant is estopped from denying the validity of the note on any of the grounds set up in the answer; that defendant ratified the acts of its officers; and that they are, therefore, now binding…