Mr. Brandy upon doing further investigations has found out that Mr. Casey ordered $400,000.00 worth of rubber from Chico & Co who now wish to be paid. Further, he found out about Mr. Casey's tyre store and its sale of tyres to Minty & Co. Additionally, Starky has also returned saying he wants a refund of his $48,000.00 for the tyres he purchased as they all burst and shredded two days after purchase when he fell in a very big pothole.a. Advise Mr. Brandy and Minty & Co. on the company's rights and obligationsunder the legal principles of agency with the use of relevant cases.
Use the legal principles relating to Agency and relevant cases to answer the following question. Mr. Casey was employed to Minty & Co, a manufacturing company of tyres as the General Manager since January 2019. The company has its bank account at Bank & Co. Mr. Casey was responsible for purchasing rubber and other inventory required for the manufacturing of the tyres, hiring staff and paying suppliers among other things. The Managing Director of Minty & Co, Mr. Brandy, provided him with a contract at the time of employing him. It was written in his contract and there was a sign at the office of the Company that states "CASH over $50,000.00 is NOT accepted as payment. Manager'scheques only or credit/debit cards accepted". Mr. Casey and suppliers of rubber to the company have all been informed that Mr. Casey can only approve supplies of not more than $250,000.00 monthly. Any supplies over and above required the signature of Mr. Brandy In the month of August, Mr. Casey realizing that the stock was running low ordered $400,000.00 worth of rubber from Chico & Co. one of the regular suppliers. Mr. Casey also purchased tyres from his tyre store that he opened without the knowledge of his company and charged a markup of 30% above the regular price to Minty & Co. This was for the sum of $200,000.00. Peter, a regular customer paid cash of $1, 200,000.00 in September for tyres he received and stated that he couldn't join the long bank lines since the pandemic started. He asked Mr. Casey since he is a good customer, if they could take the cash to the bank themselves. Mr. Casey took the money from Peter. For a very long time, everybody at Minty & Co. suspected that Peter was into drug smuggling but no one knew for sure and had no idea what he did for a living as he only said when asked "I am a businessman" A new customer, Starky, informed Mr. Casay that he needed + new tyres that could withstand some very large potholes and not very smooth road surfaces. Mr. Casey sold Starky some of the tyres that he sold to Minty & Co from his personal store and pocketed the money Mr. Casey took the money to the bank and did not inform Mr. Brandy In October, Mr. Brandy is called by the bank manager Mr. Charles and informed that Minty & Company is being investigated for breaches of the Proceeds of Crime Act and not following banking requirements Mr. Brandy is at a loss and Mr. Charles informed him what had transpired with Mr. Casey and Peter
