Question: 1.Peter is bankrupt and therefore cannot act as a director of a company. Nevertheless he does so.Bruce is the managing director of the same company.

1.Peter is bankrupt and therefore cannot act as a director of a company. Nevertheless he does so.Bruce is the managing director of the same company. Bruce represents to an outsider that Peter has authority to enter into a contract but privately confines Peter's authority to negotiating the contract. Peter purports to enter into the contract.Is the company bound?

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