Sugg v. North Carolina Agricultural Credit Corp.

Stacy, C. J.,

after stating the case: Conceding, without deciding, that the cashier of the Snow Hill Banking and Trust Company was not authorized by the payee to endorse the check in question, still we think the plaintiff must fail in his suit, if not upon the principle of ratification, then upon the doctrine of estoppel. The law will not permit him to take and to hold the fruits of what was done for him by the cashier of the bank and at the same time repudiate its consequences. Bank v. Justice, 157 N. C., 373, 72 S. E., 1016.

The substance of ratification is confirmation after conduct. 2 C.…