E. C. Roper, Inc. v. Wilson & Toomer Fertilizer Co.

This was a suit at law in which the declaration declared on a promissory note executed by E. O. Roper, Inc., and endorsed by E. O. Roper, its president. The pleadings and evidence may be said to present the proposition whether or not a corporation can maintain the defense of ultra vires to a cause of action based on its' promissory note as sued on,- where it is shown that the note was executed by it to a creditor of an individual who, while himself indebted to the payee of the note, conveyed his' business and propertiés used therein to the corporation maker of the note in consideration of the…