Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Remaining Time: 55 minutes, 48 seconds. Question Completion Status: QUESTION 13 Which of the following statements is not a purpose of the indoor management rule?
Remaining Time: 55 minutes, 48 seconds. Question Completion Status: QUESTION 13 Which of the following statements is not a purpose of the indoor management rule? a. To overcome a third party's difficulty in proving that the company authorised the transaction it entered with the third party. b. To protect corporate officers from exceeding their authority. Oc. To protect innocent third parties dealing with companies. d. To protect and promote business convenience. QUESTION 14 The rule in Royal British Bank v Turquand has now been incorporated in which section of the Corporations Act 2001 (Cth)? a. Section 140 b. Section 135 c. Section 127. d. Section 128 QUESTION 15 Could an individual director ever have authority to bind a company? a. No, an individual director has no customary authority to transact on behalf of the company, NA Abreinn Hvertel hoshlat test an hof of ihn nmn Click Save and Submit to save and submit. Click Save All Answers to save all answers
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started