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The next morning, Benjamin drives up to Maya's house in a Moonlight Finance Eompany car. When he comes into the house, he is wearing the
The next morning, Benjamin drives up to Maya's house in a Moonlight Finance Eompany car. When he comes into the house, he is wearing the shirt with the Moonlight Finance logo emblazoned on the left shirt pocket. He hands out his Moonlight Finance business card to Maya, which contains the same job title as that stated in the website. After discussing Maya's lending requirements and assessing her nancial capacity, Benjamin approves a $??5,000 loan for Maya. Benjamin and Maya sign the loan contract, which is in the standard form used by Moonlight Finance and bears the company's name. The following week. Maya pays the deposit and calls Moonlight Finance to draw down on the loan. The company informs her that as of last Friday, Benjamin was no longer connected with the company for the reason stated above. Moonlight Finance tells Maya that the company is under no obligation to honour the loan approval that Benjamin had given Maya, nor the contract that they entered into for that purpose. Maya comes to you for advice. Advise Maya on the legal issues presented by the above case. ls Moonlight Finance obligated to honour the loan approval and grant Maya the loan? Discuss all your answers citing relevant case law andy'or legislation. {Maximum 450 words}
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