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please give solution with reasons, refer sections of the corporation act 2001 (cth) and relevant cases Acer Aalen AaBC ABC ABC Alt Marcel Back Exphanth
please give solution with reasons, refer sections of the corporation act 2001 (cth) and relevant cases
Acer Aalen AaBC ABC ABC Alt Marcel Back Exphanth Heading 1 Heng 2 internet met You must answer BOTH A and B George Green was appointed by the Board of Directors of Nature Now Ply Led to be the company's Managing Director Nature Now arranges camping holidays Green arranged a $15,000 supply contract on the company's behalf, with Canvas Tenis Lid However Nature Now's constitution contains the following provision CLAUSE 1. The Manang Dvector may make contracts up to $10,000, but above that amour, Board approval is requved Green had not obtained the Board's approval for this contract Later, the Board refused to recognise the contract and to pay Canvas Tents Ltd Required A Advise whether the contractis enforceable (10 marks) in your response you must give reasons and refer to sections of the Corporations Act 2001 (CM) and cases where relevant Cick or tap here to enter text AND Assume a person's name appears on ASIC records as a director of a company and that person thought he was validyappointed as Managing Director. The company, and those who had dealings with the company also thought that person was appointed as Managing Director However, the notice regurements for convening the board of directors' meeting to vote on the appointment) had not been met and therefore the appointment was NOT valid Required B Does the fact that the appointment was not valid recessandy mean a contract signed by him in the capacity of director is invalid(10 marks) In your response you must give reasons and refer to sections of the Corporations Act 2001 (cm) and cases were relevar O 0 Acer Aalen AaBC ABC ABC Alt Marcel Back Exphanth Heading 1 Heng 2 internet met You must answer BOTH A and B George Green was appointed by the Board of Directors of Nature Now Ply Led to be the company's Managing Director Nature Now arranges camping holidays Green arranged a $15,000 supply contract on the company's behalf, with Canvas Tenis Lid However Nature Now's constitution contains the following provision CLAUSE 1. The Manang Dvector may make contracts up to $10,000, but above that amour, Board approval is requved Green had not obtained the Board's approval for this contract Later, the Board refused to recognise the contract and to pay Canvas Tents Ltd Required A Advise whether the contractis enforceable (10 marks) in your response you must give reasons and refer to sections of the Corporations Act 2001 (CM) and cases where relevant Cick or tap here to enter text AND Assume a person's name appears on ASIC records as a director of a company and that person thought he was validyappointed as Managing Director. The company, and those who had dealings with the company also thought that person was appointed as Managing Director However, the notice regurements for convening the board of directors' meeting to vote on the appointment) had not been met and therefore the appointment was NOT valid Required B Does the fact that the appointment was not valid recessandy mean a contract signed by him in the capacity of director is invalid(10 marks) In your response you must give reasons and refer to sections of the Corporations Act 2001 (cm) and cases were relevar O 0Step by Step Solution
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