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Mandy was the Secretary-Treasurer of HotShot Enterprises Inc., a tea and coffee importer. She contacted Will, who carried on business as a wholesaler, to determine
Mandy was the Secretary-Treasurer of HotShot Enterprises Inc., a tea and coffee importer. She contacted Will, who carried on business as a wholesaler, to determine if Will might be interested in the purchase of the corporation's coffee import business. Will expressed an interest in the purchase, and Mandy advised Will that she would arrange to have the sale of the coffee business approved by the shareholders, as required by the corporation's bylaws. Mandy eventually produced a shareholders' resolution authorizing the sale. Later, it was discovered that proper notice of the shareholders' meeting had not been given, and no quorum of shareholders was present at the meeting. Can Will enforce the contract? Why or why not? Explain any legal terms that you use
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