https://www.taxtmi.com/caselaws?id=97178 The note clarifies three legal principles: an authority to sell 'for the best price' can encompass agreements with part-deferred but secured payment, so agents acting within a reasonable construction of corporate authority validly executed such a sale; a purchaser's contemporaneous reservation of remedies while seeking cure of a title defect does not amount to abandonment or effective repudiation barring specific performance; and restoration of a company to the register and active prosecution of restoration proceedings can exclude the petition period from limitation, so suits for specific performance are not time-barred where no clear refusal to perform occurred. en-us Thu, 05 Jun 1952 00:00:00 +0530 Sat, 14 Jan 2012 12:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97178 The note clarifies three legal principles: an authority to sell 'for the best price' can encompass agreements with part-deferred but secured payment, so agents acting within a reasonable construction of corporate authority validly executed such a sale; a purchaser's contemporaneous reservation of remedies while seeking cure of a title defect does not amount to abandonment or effective repudiation barring specific performance; and restoration of a company to the register and active prosecution of restoration proceedings can exclude the petition period from limitation, so suits for specific performance are not time-barred where no clear refusal to perform occurred. Case-Laws Companies Law Thu, 05 Jun 1952 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97178