UNITED STATES SUPREME COURT DECISIONS ON-LINE

1. Where a party who discloses his principal and is known to be acting as an agent enters as such into a contract, he is not liable thereon in the absence of his express agreement to be thereby bound.

2. Where a corporation, organized pursuant to the provisions of a statute, but before its articles of association were filed with the county clerk, entered into a contract for certain machinery to enable it to carry on its business, held that its subsequent recognition of the validity of the contract was binding upon it although the statute declares that a corporation so organized shall not commence business before such articles are so filed.

The facts are stated in the opinion of the Court.