Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Computer Whiz Pty Ltd ( Computer ) has four directors. Charlie is one of the directors. Computers constitution provides that all transactions over $5,000 need

Computer Whiz Pty Ltd (Computer) has four directors. Charlie is one of the directors. Computers constitution provides that all transactions over $5,000 need to be approved by a majority of directors.

Charlie enters into a contract for $7,000 with Simone to take photos to update the company website. Simone sends the bill to Computer who are refusing to pay on the basis they never authorised the contract.

Advise Simone as to which statutory assumptions in the Corporations Act 2001 (Cth) she can rely on?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Money And Wealth

Authors: Joslyn Pine

1st Edition

0486486389, 9780486486383

More Books

Students also viewed these Accounting questions

Question

3 When is it a good idea to use the internal supply of labour?

Answered: 1 week ago

Question

5 What are the main aims of talent management?

Answered: 1 week ago