|
|
Citizens’ Central National Bank v. Appleton, 216 U.S. 196 (1910)
Contents:
Show Summary
Hide Summary
General SummaryThis case is from a collection containing the full text of over 16,000 Supreme Court cases from 1793 to the present. The body of Supreme Court decisions are, effectively, the final interpretation of the Constitution. Only an amendment to the Constitution can permanently overturn an interpretation and this has happened only four times in American history.
Citizens’ Central National Bank v. Appleton, 216 U.S. 196 (1910)
Citizens’ Central National Bank of New York v. Appleton No. 113 Argued January 27, 28, 1910 Decided February 21, 1910 216 U.S. 196
ERROR TO THE SUPREME COURT
OF THE STATE OF NEW YORK
Syllabus
Although a contract made by a corporation may be illegal as ultra vires, an implied contract may exist compelling it to account for the benefits actually received.
A national bank which guarantees a loan made by another bank in pursuance of an agreement that it be paid the amount due it by the borrower out of the proceeds of the loan cannot void its liability for the amount actually received by it pursuant to the arrangement on the ground simply of ultra vires; it may be liable for money had and received.
190 N.Y. 417 affirmed.
The facts are stated in the opinion.
Contents:
Chicago:
U.S. Supreme Court, "Syllabus," Citizens’ Central National Bank v. Appleton, 216 U.S. 196 (1910) in 216 U.S. 196 216 U.S. 200. Original Sources, accessed July 1, 2025, http://www.originalsources.com/Document.aspx?DocID=KEB4QH7MK8X3H5M.
MLA:
U.S. Supreme Court. "Syllabus." Citizens’ Central National Bank v. Appleton, 216 U.S. 196 (1910), in 216 U.S. 196, page 216 U.S. 200. Original Sources. 1 Jul. 2025. http://www.originalsources.com/Document.aspx?DocID=KEB4QH7MK8X3H5M.
Harvard:
U.S. Supreme Court, 'Syllabus' in Citizens’ Central National Bank v. Appleton, 216 U.S. 196 (1910). cited in 1910, 216 U.S. 196, pp.216 U.S. 200. Original Sources, retrieved 1 July 2025, from http://www.originalsources.com/Document.aspx?DocID=KEB4QH7MK8X3H5M.
|