lack Letter
BAIndiana Supreme Court, 2000stubesbozounverifiedsin verificarSkim briefBrief rápido

Menard, Inc. v. Dage-MTI, Inc.

726 N.E.2d 1206 (Ind. 2000)

A company president sells 30 acres the board told him not to sell

In one lineEn una línea
A general agent such as a president binds the company in transactions usual for the position, even without actual or apparent authority.Un agente general, como un presidente, obliga a la empresa en operaciones propias de su cargo, aun sin facultades reales ni aparentes.
RuleRegla
Inherent agency power (R.2d Agency § 161) lets a general agent bind an undisclosed or partially disclosed principal for acts usually within the agent's authority, when the third party reasonably believes the agent is authorized and has no notice of the limits.
Why this case is herePor qué está aquí este caso
The chapter's example of inherent agency power: a president acting within the usual scope of his position can bind the company even against the board's instructions.
Procedural posturePostura procesal
Menard sued to enforce the land sale; the trial court found the president had authority; the Supreme Court of Indiana affirmed for the buyer.
inherent agency poweractual authority (express and implied)apparent authority

AssignedAsignado: 2026-09-01

Read the public opinionLeer la opinión (texto público). SourceFuente: Skim brief from memory of the public opinion; verify facts and holding against the opinion before citing..