Question
1.Charles is the appointed managing director of Thomas Ltd. One day Charles makes a $70,000 purchase for the company from Computer & Information Systems Co
1.Charles is the appointed managing director of Thomas Ltd. One day Charles makes a $70,000 purchase for the company from Computer & Information Systems Co without consulting the board of directors prior to the purchase. Is the contract binding on the company? Answer this question in relation to the principle of agency.
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Smith and Robersons Business Law
Authors: Richard A. Mann, Barry S. Roberts
16th edition
978-1285428253, 1285428250, 978-1305176614, 1305176618, 978-0357700310, 978-0538473637
