177 A. 458 JOSEPHINE M. IBACK, complainant, v. ELEVATOR SUPPLIES COMPANY, INCORPORATED, defendant. Court of Chancery. Decided March 13th, 1935. 1. The president of a corporation, entrusted with the sale of shares of its stock, has no implied authority to bind the company to repurchase the stock at the vendee’s option. 2. Resolution of the […]
