MOUNTAIN TOP YOUTH CAMP, INC. v. LYON

No. 7417SC13.

202 S.E.2d 498 (1974)

20 N.C. App. 694

MOUNTAIN TOP YOUTH CAMP, INC. v. Gale W. LYON et al.

Court of Appeals of North Carolina.

February 20, 1974.


Attorney(s) appearing for the Case

Harry Rockwell and John R. Hughes, Greensboro, for plaintiff appellee.

William L. Nelson, Nelson, Clayton & Boyles, Winston-Salem, for defendant appellant.


HEDRICK, Judge.

By their three assignments of error, defendants contend the court erred in its findings and conclusions that the defendants had failed to show that a valuable consideration passed from defendants and that the defendant Gale Lyon had no implied or inherent authority as President of the plaintiff corporation to convey the property of the plaintiff corporation to himself. We do not agree.

The purchase or lease of the property of a corporation...

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