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MENARD, INC. v. DAGE-MTI, INC.

No. 46S03-0004-CV-00272.

726 N.E.2d 1206 (2000)

MENARD, INC., Appellant (Plaintiff below), v. DAGE-MTI, INC., Appellee (Defendant below).

Supreme Court of Indiana.

April 17, 2000.

Attorney(s) appearing for the Case

Michael A. Wukmer, John J. Morse, Ice Miller Donadio & Ryan, Indianapolis, IN, Gene Jones, Mark Lienhoop, Newby Lewis Kaminsky & Jones, LaPorte, IN, Attorneys for Appellant.

Paul J. Peralta, D. Lucetta Pope, Baker & Daniels South Bend, IN, Attorneys for Appellee.

ON PETITION TO TRANSFER

SULLIVAN, Justice.

Menard, Inc., offered to purchase 30 acres of land from Dage-MTI, Inc., for $1,450,000. Arthur Sterling, Dage's president, accepted the offer in a written agreement in which he represented that he had the requisite authority to bind Dage to the sale. The Dage board of directors did not approve and refused to complete the transaction. We hold that as president,...

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