H Pty Ltd is a property development company. It has three directors:Abe, Bob and Connie. H Pty Ltdgave a business card to Abe which stated that Abe is the Managing Director of the company. Abe goes to Super Cars and purchases a sports car for $100,000 under companies' account. When the sales representative asks whether he can buy something like this for the company he shows the business card. Super Cars sends the invoice to H Pty Ltd and Bob and Connierefuses to pay for this.

Can H Pty Ltd liable for the payment of $100,000 sports car under theCorporations Act?