Cannabis Indica

How this document has been cited

"If a corporation allows its officers to conduct its business and third persons act upon the apparent authority thus shown, it cannot defeat the rights of such persons arising from transactions done and completed under such ostensible authority by failing to enter upon its minutes any order giving its officers authority to act
- in Thompson v. MK & T. Oil Co., 1935 and 3 similar citations
Where it appears that a corporation has kept no minute books, or record of proceedings at meetings of directors, stockholders or members of the corporation, or that such written evidence has been destroyed, the decisions are generally agreed that parol proof of the proceedings at the meetings is admissible.
- in Trial guide and one similar citation
—the minutes of a board of directors do not constitute the only evidence admissible for the purpose of showing authority of an officer. 9.
It appears that Mr. Huber was vice-president and manager of the corporation and, therefore, as such, could bind the corporation
—holding that if minutes are not kept, other parties have the right to prove by parol what actually occurred at the meetings of the directors, if such proof tends to establish their rights
In the alternative, a corporate officer may have ostensible authority to enter into an agreement on behalf of the corporation if he or she "assumed and exercised the power in the past" with the apparent consent and acquiescence of the corporation
—where it was held error to refuse to permit a bank to show the course of dealing between the agent and the corporation in an attempt to show that payment was made with the consent and authority of the corporation

Cited by

3 P. 3d 286 - Cal: Supreme Court 2000
SC Schweitzer - (No Title), 1972
HW Ballantine… - (No Title), 1962
EM Dodd… - (No Title), 1950
[CITATION] Trial guide
SC Schweitzer - (No Title), 1945
EM Dodd… - (No Title), 1940
5 Cal. App. 2d 117 - Cal: Court of Appeal, 2nd Appellate Dist., 1st Div. 1935
WM McKinney… - (No Title), 1930
GJ Martin… - 1928

Leave a Reply