Hi, You must be the new accountant in our consultancy division. I have just received a request from one of our oldest clients to advise on the corporations law. He wishes to know what would be the legal position with regard to entering in to a contract with someone claiming to be the Managing Director of XOL Pty Ltd. He also wants to know whether he can rely on that person to enter in to valid contract with XOL Pty Ltd. Daniel told me that his business partner told him that there is no point searching the files at ASIC to find more information on XOL Pty Ltd. I will be having a meeting with Daniel in two weeks. You have to prepare a report that would help me answer the questions.