- Created by: Former Member
- Created on: 03-12-19 19:35
"A legal relationship between principal and agent created by consensual agreement to which they alone are the parties".
Where a company holds out a person as their managing director, and that person makes a contract with a third party within the ordinary ambit of the authority of a managing director, the third party need not inquire whether he is properly appointed. K and H formed the defendant company. K and H and two nominees were directors of the company.
The articles of…