Commercial Law

Introduction: Golden Harvest Ltd (GH Ltd) is a medium covering community to produce a variety of organic breads. The comp any(prenominal) is comprised of three directors Max, James and scissure. And also include two name sh atomic number 18holders Tina and Patsy. The main area for this case testament focus on relevant unit from topic unity to four. The questions of this assignment are divided by three split A, B and C. However, any reference through break through this assignment to a section is a reference to a section infra the Corporations Act 2001. fragment A Main issue: Whether GH Ltd alternate by the contract entered into, on its behalf, with RF Pty Ltd? Sub- issue 1: Does S all(prenominal)y as an broker has government agency to performing on behalf of the beau monde? Rule/ virtue: fit to section126 (1), the section states that an means acting on behalf of the caller and the agent act inside the boundaries of the genuine or seeming(a) an d express or implied authority, may do work the alliances power to make, vary, ratify or pouch a contract. article of faith of agency: An agents authority may actual or apparent. The actual authority may be each express or implied. transport actual authority is instantaneously clearly identified and implied is non directly indentified (Customary authority will explain in self-confidence sections).

Apparent authority is no authority of an agent exists hardly merely a means or holding out of authority. Application: According to case, at a board of directors see it was unanimously agreed that fling as exclusive trouble of public relations on be! half 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 lease 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: OrderCustomPaper.com

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