Meyers v. Wells

The first question is whether appellant adopted the contract entered into between Wells and Meyers. It must be conceded that Wells entered into this contract in order to obtain Meyers’ services to manage the coal company, wherein he was to be the majority stockholder of a family corporation, where Meyers was the only outside stockholder, all stockholders being officers of the corporation. Appellant relies on the fact that the board of directors of the corporation, never took any action adopting the Wells-Meyers contract and never agreed upon the compensation which Meyers was to receive. It is…