Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question I: lEilompany A. [which marl-:ets computer software} and company E {which runs a computer training college] enters into an agreement to form a new

image text in transcribed
Question I: lEilompany A. [which marl-:ets computer software} and company E {which runs a computer training college] enters into an agreement to form a new company, company (3. Company C is to provide onsite computer training for retail businesses that use company A's software. Shirley {a director of company A] and Laverne [a director of company B] are authorised by the boards ofdirectors oftheir respective companies to, as a matter of urgency, take whatever steps are necessary to form company (3 and to secure training contracts on its behalf. Shirley and Laverne instruct solicitors to register a company. More quickly than they anticipate, they manage to attract a large training job from company "i\". Purportedly on hehalf'ofcompany C1 they execute a contract with company Y. They have told the company Y representatives that company C is not yet registered. The parties agree to include a clause that provides that ii'company C {or a company reasonably identiable with it} is not registered within two months of the date of the contract Pthen company Y can rescind the contract. Consider these facts in the light of each ofthe following scenarios and questions [a] Assume company C is registered a month after the contract is executed. What steps must Shirley and Lat'erne talce to ensure that: SEE-2' 201:3 Final Erarninalion Para 2 of 4 FRBLEIIB-d - Comereial and Corporate Law for Maragers EIAIIHATI'DHE PAPERS ARE HT FERIITI'EI] T BE MED FRDH THE EIAIIHHTIDH I'I.I"EIII.IE

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Employment Law For Business

Authors: Dawn Bennett Alexander, Laura P Hartman

6th Edition

978-0073377636, 73377635, 978-0077347383

More Books

Students also viewed these Law questions

Question

=+ a. A change in consumer preferences increases the saving rate.

Answered: 1 week ago