Explain a Chief Executive Officer's implied authority
【参考答案及解析】
Where there is no express authority, authority may be implied from the director's position within the company. Chief Executive Officers usually have authority to make commercial contracts on behalf of the company and therefore those appointed as such are permitted to exercise this authority as they see fit, their actions binding the company.
Where there is no express authority, authority may be implied from the director's position within the company. Chief Executive Officers usually have authority to make commercial contracts on behalf of the company and therefore those appointed as such are permitted to exercise this authority as they see fit, their actions binding the company.