Answered step by step
Verified Expert Solution
Question
1 Approved Answer
direct moethod - That is easiest way we can atrribute S180 of the company act tell us how a company can enter into a contract.
direct moethod - That is easiest way we can atrribute S180 of the company act tell us how a company can enter into a contract. It needs to be in writing if it is to purchase property. Otherwise it could be done by directors, depending on the rules of constitution or what 180 requires in particular case. If just need one director then it is one director. What happen typically in a company the board make a resolution and say this level of person in the company can enter into this type of contract. For eg, the human resource director can conclude the employment contracts with it? Then going down you may have finance director can enter into agreement with the bank. We go down further might be a finance manager and that person is perhaps empowered to agree to earn up to $100000. We got those things, in each of those cases for those rules are followed the contract are distributed to the companies. That is straightforward
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started