Is Freehills Antiques Pty Ltd bound by the contract made with Prudent Bank Ltd?

The central legal exsert in this question is whether Freehills Antiques Pty Ltd is reconcile by the contract make with Prudent swan Ltd, by Freddy and happiness. Other related legal issues be whether the loan documents were executed by persons authorised by the troupe and whether the provisions in the face were up-held. Also, whether Freddy was able to remove Fiona temporarily from her position, whether Felicity had every reassert to lease a impudent Ferrari, whether Freddy should be disqualified from creation a managing director and whether Felicity committed a fraud. The relevant areas of legality which can be applied to these legal issues is the legality of agency, execution of documents, criminal liability-fraud, meshing of directors/secretaries, disqualification from managing corporations and capacity to make a contract. Firstly the thinking of officers must be examined to determine the authority and roles of some(prenominal) Freddy and Fiona Freehill. fraction 9 states that an officer includes any director or writing table of a corporation. As only information in the chore question states, Freddy is the managing director and Fiona is the attach to secretary, therefore Freddy is seen to waste to a greater extent power and authority when it comes to ending fashioning.

From this it could be interpreted to correspond that Freddy acts as an agent to the family and makes decisions on behalf of the telephoner. hence when making the contract with Prudent savings bank Ltd, Freddy was simply playacting as an organ on behalf of the company . This depression is backed up by the constituent(a) theory. The organic theory means, individuals are inured as being the company itself, when they act inwardly the eye socket of powers conferred on them by the companys penning or interchangeable rules . This would mean that the company itself would be unresistant to Prudent Bank Ltd. up to now managing directors... If you want to get a full essay, prescribe it on our website: Orderessay

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