Craig Industries was in the business of manufactur- ing charcoal. Craig, the corporations president, contracted in the name of the corporation to sell the companys plants to Husky Industries. Craig did not have authority from the board of directors to make the contract, and later the board of directors voted not to accept it. Husky Industries sued Craig on the theory that he, as agent for the corporation, exceeded his authority and should be held personally liable for damages. Decide.