Tome v. Parkersburg Branch Railroad
Court of Appeals of Maryland
Appeal from the Superior Court of Baltimore City. The nature of the case, together with the pleadings, are stated in the opinion of the Court. The appellant, the plaintiff below, on the 2nd October, 1869, loaned T'hos. R. Rich & Co. $6650, on the security of 350 shares of the appellee’s stock, on that day issued from its office, by John L. Crawford, the treasurer of the company, in the usual way, in the name of the plaintiff.
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Appeal from the Superior Court of Baltimore City. The nature of the case, together with the pleadings, are stated in the opinion of the Court. The appellant, the plaintiff below, on the 2nd October, 1869, loaned T'hos. R. Rich & Co. $6650, on the security of 350 shares of the appellee’s stock, on that day issued from its office, by John L. Crawford, the treasurer of the company, in the usual way, in the name of the plaintiff. On the 9th May, 1870, he renewed a loan on the same certificate for $6000, taking Rich & Co’s obligation for its return on the 8th August, 1870. On the 8th or 9th of…
1Opinion of the CourtBowie, J.
The main question involved in this cause, is the extent of the liability of private corporations, for the acts of their agents, done within the scope of their employment, expressed or implied.
*65The inquiry is of peculiar interest, not because of any novelty of principle, but on account of its application to a class of corporations, which have multiplied with amazing rapidity, in modern times, and absorbed a vast proportion of the capital and commerce of the country.
As the relation of principal and agent is common to all classes and conditions of life, the principles which govern it are of…
2Cases cited6 opinions
- New York & New Haven Railroad v. SchuylerNew York Court of Appeals · 1865
- Mayor of Balto. v. ReynoldsCourt of Appeals of Maryland · 1863
- Bruff v. . MaliNew York Court of Appeals · 1867
- Lister v. Allen ex rel. RatcliffeCourt of Appeals of Maryland · 1869
- Smith v. Walton ex rel. WaltonCourt of Appeals of Maryland · 1849
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3Cited by39 opinions
- Bartenwerfer v. BuckleySupreme Court of the United States · 2023
- Aiello v. Ed Saxe Real Estate, Inc.Supreme Court of Pennsylvania · 1985
- Moores v. Citizens' Nat. Bank of PiquaSupreme Court of the United States · 1884
- Globe Indemnity Co. v. Victill Corp.Court of Appeals of Maryland · 1969
- Hynes v. . McDermottNew York Court of Appeals · 1880
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