Question
Enzo Limited (Enzo) is a corporation. The Board of Directors of Enzo established a rule thatthe corporation must not enter into any form of arrangement
Enzo Limited (Enzo) is a corporation. The Board of Directors of Enzo established a rule thatthe corporation must not enter into any form
of arrangement regarding the purchase or lease(rental) of property unless the arrangement is approved by the Board of Directors.
Mohinder, thePresident of the corporation, went to Property Owners Limited (POL), another corporation andnegotiated a lease for the
rental of office space for Enzo. Mohinder signed the lease on behalf ofEnzo. The Board of Directors has not approved the lease.
Explain whether POL can enforce the lease. (Is the lease legally binding against Enzo?)
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