 | Horace La Fayette Wilgus - 1902 - 1056 lapas
...131 US 371, 389, 9 Sup. Ct. Rep. 776.] not voidable only, but wholly void, and of no legal effect. The objection to the contract is not merely that the...to have 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.... | |
 | Anthony Jennings Bledsoe - 1903 - 508 lapas
...Legislature, is not voidable only, but 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. Section 906.— VOID CONTRACT CANNOT BE RATIFIED. — A contract which is absolutely void, because... | |
 | 1904 - 1072 lapas
...conferred upon it by the legislature, — is not voidable only, but wholly void, and of no legal effect. The objection to the contract is, not merely that...to have made it, but that it could not make it. The contract cannot be ratified by either party, because it could not have been authorized by either. Mb... | |
 | 1905 - 1080 lapas
...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... | |
 | United States. Supreme Court - 1905 - 700 lapas
...22; Penna. Co. v. St. I/., A. &c. RR Co., 118 US 290. The contract is void; the objection is not only that the corporation ought not to have made it, but that it could not make it, that the contract cannot be ratified or confirmed by the stockholders, because it could not have been... | |
 | 1905 - 1048 lapas
...conferred upon it by the Legislature, is not voidable only, but wholly void, and of no legal effect, The objection to the contract is 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... | |
 | Harvey White Magee - 1906 - 864 lapas
...conferred upon it by the Legislature, is not voidable only, but wholly void, and of no legal effect. The objection to the contract is, not merely that...to have made it, but that it could not make it. The contract cannot be ratified by either party, because it could not have been authorized by either. No... | |
 | Abraham Clark Freeman - 1906 - 1108 lapas
...legislature—is not only voidable, but wholly void and of no legal effect The objection to the contract here is, not merely that the corporation ought not to have made it, but that it could not lawfully make it. The contract could not be ratified by either party because it could not have been... | |
 | 1906 - 682 lapas
...federal courts still profess to adhere to the ancient doctrine, declaring as to the ultra vires contract "not merely that the corporation ought not to have made it, but that it could not have made it."7 The decisions in these courts, however, generally harmonize with the rule applied in... | |
 | United States. Courts - 1907 - 1088 lapas
...22; Penna. Co. v. St. L., A. &c. RR Co., 118 US 290. The contract is void; the objection is not only that the corporation ought not to have made it, but that it could not make it, that the contract cannot be ratified or confirmed by the stockholders, because it could not have been... | |
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... 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... 
