People v. Hoffman

The signature of one corporate officer on blank checks has given rise to a unique legal problem, tested by a motion to dismiss the indictment herein.

The defendant and one Sidney Kaufman were officers and equal stockholders in a corporation financed entirely by Kaufman. The defendant had the expertise and by agreement was the active manager of the business with Kaufman content to be the "silent partner”. All checks of the corporation were to be issued only upon the signature of both officers. However, because Kaufman was otherwise engaged and visited the business only once a week, he…