16 S.D. 29 | S.D. | 1902
This case was decided at a former term of this court, and is reported in 14 S. D. 543, 86 N. W. 626. A petition for rehearing was filed, and, as the decision was banded down before the respondent filed any brief, the petition was granted, and the case is now before us for review on such rehearing.
It is strenuously contended on the part of the respondents that as there was no formal meeting of the stockholders or board of directors of the Deadwood Mercantile Company, and no resolution adopted authorizing a sale of the property by De Barry, he had no authority to make a disposal of the entire stock of goods, fixtures, etc., of the corporation to the plaintiff;1 and the learned counsel for respondents cite many authorities in support of this proposition. While the doctrine contended for by the respondents is true as a general rule, there is an exception to the same, and, in our view of this case, it comes within the exception. It may be necessary to a com
We desire to be understood in this case that we express no opinion as to the good faith of the transaction, and that we go no further than to hold that the court was not ‘ authorized to direct a verdict; leaving the question of the good faith and the intention of the transaction to be submitted to a jury. We are of the opinion that the court, went a little too far in its former opinion in the statement of the case, in using the language, “In good faith, appellant purchased the property, * * * and went into actual, open and notorious possession” of the same, as there seems to be a conflict in the evidence upon these questions.
The judgment appealed from is reversed and a new trial ordered.