Tift v. Quaker City N. Bank
Tift v. Quaker City N. Bank
Opinion of the Court
The promise of Mr. Ditman that the plaintiff should be compensated for procuring subscriptions to the stock of the bank, bound no one but himself. It is true it was said in Bell’s Gap R.
Judgment affirmed.
Reference
- Full Case Name
- B. E. TIFT v. QUAKER CITY N. BANK
- Cited By
- 7 cases
- Status
- Published
- Syllabus
- 1. The promise of a single promoter of a national bank, made prior to incorporation, that the plaintiff should be paid for services to be rendered in procuring subscriptions to the capital stock, will impose no liability upon the bank after incorporation. 2. Testimony that, at a meeting of the board of directors, after incorporation, the claim of the plaintiff was called to the attention of the board as a liability, and was not objected to, is not sufficient evidence of a ratification of plaintiff's employment.