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LETTIERI v. AMERICAN SAVINGS BANK

182 Conn. 1 (1980)

CHARLES J. LETTIERI ET AL. v. AMERICAN SAVINGS BANK ET AL. AMERICAN SAVINGS BANK v. JOHN LETTIERI CORPORATION ET AL.

Supreme Court of Connecticut.

Decision released August 5, 1980.

Attorney(s) appearing for the Case

Joel J. Rottner, with whom, on the brief, was Jeffrey L. Williams, for the appellants (plaintiffs in the first case and defendants in the second case).

Charles N. Williams, with whom, on the brief, was Donald H. Clark, for the appellee (named defendant in the first case and plaintiff in the second case).

COTTER, C. J., BOGDANSKI, PETERS, HEALEY and PARSKEY, JS.

PETERS, J.

This case concerns the scope of the apparent authority of the president of a de facto corporation to encumber corporate property. The appeal results from the consolidation in the trial court of two related law suits arising out of the execution of a mortgage on property owned by the John Lettieri Corporation (hereinafter the corporation) by Joseph Lettieri, the corporation's president, to the American Savings Bank...

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