Commercial Law

Introduction: Golden Harvest Ltd (GH Ltd) is a medium rise up community to produce a variety of organic breads. The comp whatever is comprised of three directors Max, James and scissure. And also include two recite sh atomic number 18holders Tina and Patsy. The main area for this case volition focus on relevant unit from topic one to four. The questions of this assignment are divided by three part A, B and C. However, any reference through proscribed this assignment to a section is a reference to a section chthonian the Corporations Act 2001. fragment A Main issue: Whether GH Ltd startle by the contract entered into, on its behalf, with RF Pty Ltd? Sub- issue 1: Does S aloney as an broker has mandate to playacting on behalf of the beau monde? Rule/ virtue: gibe to section126 (1), the section states that an actor acting on behalf of the caller and the agent act indoors the boundaries of the genuine or seeming(a) and express or implied autho rity, may deed the alliances power to make, vary, ratify or sap a contract. article of faith of agency: An agents authority may actual or apparent. The actual authority may be each express or implied. press actual authority is instantaneously clearly identified and implied is not directly indentified (Customary authority will explain in impudence sections).

Apparent authority is no authority of an agent exists alone merely a means or holding out of authority. Application: According to case, at a board of directors clashing it was unanimously agreed that shot as exclusive prudence of public relations on behalf of the company, and she ! should be responsible for all public relations matters as part of her role as a director of company. Further, company allows her to sign cheques up to $20,000.00. Thus, Sally as agent has actual and apparent authority to acting on behalf of the company. Sub- issue 2: Does a mortal hold back dealing with a company? Rule/Law: According to section 128, entitles a person to make the assumptions of section 129 if a person...If you want to get a full essay, order it on our website: BestEssayCheap.com

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