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Marcus is the company secretary of Stonewalls Pty Ltd (Stonewalls). Marcus entered a contract to purchase a large quantity of sandstone from Let's Face It

Marcus is the company secretary of Stonewalls Pty Ltd (Stonewalls). Marcus entered a contract to purchase a large quantity of sandstone from Let's Face It Pty Ltd. Stonewalls now denies liability regarding the contract with Let's Face It and claims Marcus had no authority to act for it on the contract. Required: With specific reference to relevant provisions of the Corporations Act 2001 (Cth), in what circumstances would Stonewalls: (a) be liable; and (b) not be liable.

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