 A contract of a corporation, which is ultra vires, in the proper sense,, that is to say, outside the object of its creation as defined in the law of its organization, and therefore beyond the powers conferred upon it by the legislature, is not voidable...  The South Western Reporter - Σελίδα 4101923Πλήρης προβολή - Σχετικά με αυτό το βιβλίο
 | 1899 - 818 σελίδες
...therefore beyond the power conferred upon it by the legislature;" and then goes on to state that " the objection to the contract is not merely that the...not to have made it, but that it could not make it," although it is perfectly plain that the only ob-jection to the contract in question in that case was... | |
 | Illinois. Appellate Court, Martin L. Newell - 1899 - 716 σελίδες
...the object of its creation as defined in the law of its organization, and therefore bevond the powers conferred upon it by the legislature, is not voidable only, but wholly void and of no legal effect, and in such case, even though there has been full performance, neither party to such contract can be... | |
 | American Bar Association - 1900 - 692 σελίδες
...is unlawful and void " because the corporation by the law of its creation is incapable of making it. The objection to the contract is not merely that the...have made it, but that it could not make it." The question is, he continues, "whether the lease sued on is unlawful and void for want of legal capacity... | |
 | Abraham Clark Freeman - 1900 - 1050 σελίδες
...is not voidable only," said Mr. Justice Gray in Central Transp. Co. v. Pullman's Car Co., 139 US 24, "but wholly void, and of no legal effect. The objection...merely that the corporation ought not to have made it bnt that It could not make It. The contract cannot be ratified by either party, because it could not... | |
 | Darius Harlan Pingrey - 1900 - 480 σελίδες
...the object of its creation as defined in the law of its organization, and therefore beyond the powers conferred upon it by the legislature, is not voidable only, but wholly void and of no legal effect. Because the objection to the contract is not merely that the corporation ought not to have made it,... | |
 | United States. Supreme Court - 1901 - 1548 σελίδες
...be within the corporate powers of both. 11. A contract of a corporation which is beyond the powers conferred upon it by the Legislature is not voidable only, but wholly void; it cannot be ratified by either party, no performance on either side can give the unlawful contract... | |
 | Horace La Fayette Wilgus - 1902 - 1056 σελίδες
...Rep. 62; Pittsburgh, etc., R. Co. v. Keokuk & H. Bridge Co., 131 US 371, 389, 9 Sup. Ct. Rep. 776.] not voidable only, but wholly void, and of no legal...made it, but that it could not make it. The contract can not be ratified by either party, because it could not have been authorized by either. No performance... | |
 | Anthony Jennings Bledsoe - 1903 - 508 σελίδες
...the object of its creation as defined by the law of its organization, and therefore beyond the powers conferred upon it by the Legislature, is not voidable...wholly void and of no legal effect. The objection to such a contract is not merely that the corporation ought not to have made it, but that it could not... | |
 | 1905 - 1048 σελίδες
...object of its creation, is defined in the law of its organization, and therefore beyond the powers conferred upon it by the Legislature, is not voidable...not merely that the corporation ought not to have marie it but that it could not make it. The contract cannot be ratified by either party, because it... | |
 | 1905 - 1080 σελίδες
...Legislature — is not voidable only, but is wholly void, and of no legal effect. The objection to such a contract is not merely that the corporation ought...not to have made It, but that it could not make it; 1. e., had no power to make it. Therefore a contract cannot be ratified by either party, nor can performance... | |
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