Neely & Co. v. Stevens

1. The authority of an agent to execute a sealed instrument must itself be under seal, although the instrument may evidence a contract not required by law to be under seal; and ratification of such instrument, to be binding upon the principal, must also be under seal. Overman v. Atkinson, 102 Ga. 750, and citations; Lynch v. Poole, ante, 303 (75 S. E. 158), and citations.

2. By the terms of a contract under seal N. & Co. purchased from 8., who signed the contract and agreed to deliver, at a certain price, 50 bales of cotton, within a given time and at a stated place. The contract was executed…