Case Name: Bessie B. Kimbark v. Timken Roller Bearing Co.
Court: Supreme Court of Ohio
Jurisdiction: Ohio
Decision Date: 1926
Citations: 4 Ohio Law Abs. 381
Docket Number: No. 19467
Parties: Bessie B. Kimbark v. Timken Roller Bearing Co.
Judges: Marshall, C. J., Matthias, Allen and Kinkade, JJ., concur.
Reporter: The Ohio Law Abstract
Volume: 4
Pages: 381–381

Head Matter:
No. 19467
Bessie B. Kimbark v. Timken Roller Bearing Co.

Opinion:
ROBINSON J.
1. Where the agent of A., whether acting under a limited or general authority, obtained from B, the transfer of her stock to A., and possession of her stock certificates, which A. received and retained: Held: Evidence of what was said in the presence of B. and the agent of A. at the time of such transfer is competent in a suit for conversion of the stock, irrespective of the extent of the authority of the agent.
2. Where a principal obtains a transfer of stock and possession of the stock certificate through an unauthorized agreement of his agent, the responsibility of ratification or rescission of such agreement devolves upon him upon learning of such unauthorized agreement.
Judgment reversed.
Marshall, C. J., Matthias, Allen and Kinkade, JJ., concur.