 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...  The Central Law Journal - Page 101893Full view - About this book
 | Kentucky. Court of Appeals, James Hughes, Achilles Sneed, Martin D. Hardin, George Minos Bibb, Alexander Keith Marshall, William Littell - Law reports, digests, etc - 1912 - 970 pages
...organization, and, therefore, beyond the powers conferred upon it by the Legislature, is not voidable only, but wholly void, and of no legal effect. The objection...not to have made it, but that it could not make it. Such a contract can not be ratified by either party, because it could not have been authorized by either.... | |
 | Illinois. Supreme Court - Law reports, digests, etc - 1907 - 714 pages
...voidable, but is wholly void and without any legal effect. The objection to the contract in such case is not merely that the corporation ought not to have made it, but that it could not make it. Such a contract cannot be ratified by either party, because it could not have been authorized by either... | |
 | Law reports, digests, etc - 1899 - 2058 pages
...therefore beyond the powers conferred upon it by the legislature. Such a contract is not voidable only, but wholly void, and of no legal effect. The objection...authorized by either. No performance on either side conld give the unlawful contract any validity, or be the foundation of any right of action upon it.... | |
 | United States. Supreme Court - Law reports, digests, etc - 1896 - 1242 pages
...organization,— and therefore beyond the powers conferred upon It by the legislature, Is not voidable only, but wholly void, and of no legal effect The objection...not to have made It but that It could not make it Such a contract cannot be ratified by either party, because it could not have been authorized by either.... | |
 | Law - 1907 - 1152 pages
...is not merely that the corporation ought not to have made It, but that it could not make It Such a contract cannot be ratified by either party, because it could not have been authorized by either party. No performance on either side can give the unlawful contract validity or be the foundation of... | |
 | Law reports, digests, etc - 1912 - 1332 pages
...organization, and therefore beyond the powers conferred upon it by the Legislature — Is not voidable only, but wholly void, and of no legal effect The objection...not to have made It, but that it could not make it. Such a contract cannot be ratified by either party, because It could not have been authorized by either.... | |
 | Law reports, digests, etc - 1904 - 1174 pages
...organization, and that from beyond the power conferred upon it by tlie Legislature, is not voidable only, but -wholly void and of no legal effect. The objection...corporation ought not to have made it, but that it соцШ not make it. The contract cannot be ratified by either, because it could not have been authorized... | |
 | Law reports, digests, etc - 1918 - 1332 pages
...voidable, but is wholly void and without any legal effect. The objection to the contract in such case is not merely that the corporation ought not to have made it, but that it could not make it. Such a contract cannot be ratified by either party, because it could not have been authorized by either... | |
 | Law reports, digests, etc - 1903 - 1258 pages
...organization, and therefore beyond the powers conferred upon it by the legislature) is not voidable only, but wholly void and of no legal effect. The objection...because it could not have been authorized by either. No and 112 New York State Reporter performance on either side can give the unlawful contract any validity,... | |
 | United States. Supreme Court, John Chandler Bancroft Davis, Henry Putzel, Henry C. Lind, Frank D. Wagner - Courts - 1891 - 782 pages
...organization, and therefore beyond the powers conferred upon it by the legislature, is not voidable only, but wholly void, -and of no legal effect. The objection...made it, but that it could not make it. The contract canOpinion of the Court. not be ratified by either party, because it could not have been authorized... | |
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