141 Wis. 476 | Wis. | 1910
The trial court adjudged that Mrs-. Bean was liable because the acts of Herbert L. Sweet were within The authority conferred by the power of attorney. Mrs. Bean by the power of attorney grants Herbert L. Sweet power “to take the general control and management of [her] affairs, business and property,” to perform all acts connected therewith, including the execution, indorsing, and paying of promissory notes, the receipting for and paying of money, and
It is averred by the respondent that the bank officers were-not apprised of this fact when they negotiated for the note, and that they therefore had a right to assume that it was made and executed by Herbert L. Sweet under the power of attorney, and that it was necessarily connected with the affairs and business intrusted to his control and management. This
Erom these facts and circumstances it also follows that the alleged guaranty of February 24, 1902, was not binding upon Mrs. Bean, though it is in form executed by Herbert L. Sweet as such attorney in fact. The bank was then informed that the note was not embraced within the authority of Herbert L. Sweet’ and that he was powerless to impose such a liability upon his principal in this manner. Furthermore, this con
In view of the fact that the powers of Herbert L. Sweet to make notes for Mrs. Bean were limited and restricted to cases where they were necessarily required for the conduct and management of her affairs, business, and property, and in view of the facts and circumstances established by the evidence, the case does not show that the note in question was one within the authority conferred on Herbert L. Sweet or that the bank had the right to deem it to be such a note.
It is contended that the payments made by A. J. Barber as Mrs. Bean's agent on the collateral note of February 26, 1902, are a ratification of the obligation of the original note. When these payments were made, neither Mrs. Bean nor Mr. Barber had any knowledge of the alleged original obligation. To make the acts of Mr. Barber efficacious as a ratification it must appear that he had authority to act in the matter for Mrs. Bean and that both he and Mrs. Bean had knowledge of the material facts. The record shows that neither Mrs. Bean nor Mr. Barber knew that the note upon which the suit is brought was in existence. This in itself is conclusive that he did not ratify it.
AVe are persuaded that the trial court erred in holding Mrs. Bean liable on the note.
By ihe Court. — Judgment reversed as to Julia M. Bean, and the cause remanded with directions to- award judgment dismissing the complaint as to Julia M. Beam.