[DOWNLOAD] "Merchants' Bank v. State Bank" by United States Supreme Court * eBook PDF Kindle ePub Free

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eBook details

• Title: Merchants' Bank v. State Bank
• Author : United States Supreme Court
• Release Date : January 01, 1870
• Genre: Law,Books,Professional & Technical,
• Pages : * pages
• Size : 107 KB

Description

The contest turns, it is submitted, upon the following propositions, which, if successfully maintained by the plaintiff, are decisive on the question whether the case was properly withdrawn from the jury: 1. If in the absence of regulation by charter, by-law, or vote, and with no evidence as to the powers actually exercised by the cashier, and acquiesced in by the bank, nor of the powers usually intrusted to cashiers of banks established in the same community, the court can judicially know what the powers and duties of such cashiers are; yet it is a principle perfectly well settled, that under the foregoing circumstances (and even when by-laws and votes on this subject exist), evidence of the powers habitually or usually exercised by the cashier, with the knowledge and acquiescence of the bank, defines and establishes as to the public these powers, provided that the powers thus exercised may, without violation of the charter, be by the directors or corporation conferred on such cashier.

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