Which of the following contracts does a company secretary have the power to bind their company in?
A、Purchase of inventory from a supplier
B、Acquisition of a head office building
C、Car hire for transporting customers to meetings with the directors D
A、bank loan
A、Purchase of inventory from a supplier
B、Acquisition of a head office building
C、Car hire for transporting customers to meetings with the directors D
A、bank loan
【参考答案及解析】
A company secretary has the power to bind the company in contracts related to the administrative side of the company only. It was decided in Panorama Developments (Guildford) Ltd v Fidelis Furnishing Fabrics Ltd 1971 that this includes a contract for hiring cars to transport customers.
A company secretary has the power to bind the company in contracts related to the administrative side of the company only. It was decided in Panorama Developments (Guildford) Ltd v Fidelis Furnishing Fabrics Ltd 1971 that this includes a contract for hiring cars to transport customers.