Conceding that the contract was executed without proper authority in the first place, the acceptance of the benefits of the contract by the bank and the sale of the real estate by it constituted a ratification of the contract. Howard v. Kincaid, 54 Okla. 271, 156 P. 628; Rainbow Oil Gas Co. v. Barton, 70 Oklahoma, 173 P. 1135; Crowder State Bank v. Aetna Powder Co., 41 Okla. 394, 138 P. 392. The plaintiff further contends that the contract was invalid because it lacked mutuality, in that the bank did not bind itself to purchase the real estate at the judicial sale. It is true that the contract was contingent upon the happening of a condition, viz., that the Yeldells, or someone else, should not purchase the property at the judicial sale; but in the event that event did not take place, or, stating it a little differently, in the event that the bank did become the purchaser at the sale, it bound itself to do certain things, and in these circumstances, the contract was not deprived of mutuality.
If the appellee handled the funds obtained from the sale of the note and distributed same with knowledge of the fact that said funds had been obtained by the sale of the note, he would be estopped from repudiating the sale or denying the authority of the party who sold the note. Howard v. Kincaid, 54 Okla. 271, 156 P. 628. Where an individual or a corporation accepts the benefits of the acts of another party, they are bound by said acts, whether the party had authority to perform the acts or not. If appellant is an innocent purchaser for value, the payment of same cannot be defeated because it was given for stock in a corporation.