Mina is employed by Business Finance P/L as the Manager of Business Loans. Her job involves completing and processing the application forms when customers apply for Business Loans.

Business Finance P/Ls policy and procedures manual states that before any customer is given a business loan, the loan application must be approved and signed off by the Head of Lending. The current Head of Lending is Shereen. The policy and procedures manual also says that the Manager of Business Loans does not have authority to sign loan applications on behalf of Business Finance P/L.

Victor applies to Business Finance P/L for a business loan to buy more equipment for his factory, and Mina reviews his application and says Looks like you have a well run business there Victor and then signs and approves his application.

When Shereen reviews Victors financial position she thinks he would be a high-risk loan and does not want to lend Victor the money.

Advise Business Finance P/L whether Mina has created a binding contract between Business Finance P/L and Victor. Explain what, if any, authority Mina had. Refer to relevant cases in your analysis.