Corporate contracting
Defined in 1 dictionary — Case Law
Definitions from Case Law
From 57 U.S. 524 - Timothy Fanning v. Charles Gregoire and Charles Bogg · 1853Most cited · 48 citing opinions
The old rule was, that a corporation can make no contract which shall bind it except under its seal. That doctrine has long since been overruled, and it is now fully cstablished, that the agents of a corporation may bind it by parol.