Ross v. Sayler
Appellate Court of Illinois
Bill to Declare Told a "Contract of a Corporation with Promoters. —Appeal from the Superior Court of Cook County; the Hon. Axel Ohytra.tjs, Judge presiding. Heard in this court at the October term, 1901.
1Opinion of the CourtJustice Windes
For appellants it is claimed that the Woman’s Baking Co. had no power to make the contract between it and appellees for the sale of its stock, and pay them for such sale fifty per cent of the proceeds, and in any event that such contract was an abuse of the power of the corporation and could.not be ratified; also, that the appellees, knowing all the circumstances which made such contract an abuse of power at the time it was made, there could be no estoppel as to the corporation or its assignee.
It is said also, in support of the first proposition, that said contract is void, because it…
2Cases cited19 opinions
- Republic Life Insurance v. SwigertIllinois Supreme Court · 1890
- McNulta v. Corn Belt BankIllinois Supreme Court · 1896
- Darst v. GaleIllinois Supreme Court · 1876
- Rector v. Hartford Deposit Co.Illinois Supreme Court · 1901
- Bouton v. DementIllinois Supreme Court · 1887
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3Cited by1 opinion
- Potter ex rel. Root v. Sterling Vehicle Co.Appellate Court of Illinois · 1913