Can an officer of a corporation validly represent and bind the corporation in a contractual obligation without

Fantastic news! We've Found the answer you've been seeking!

Question:

Can an officer of a corporation validly represent and bind the corporation in a contractual obligation without authority from the Board of Directors?

What is the doctrine of apparent authority?

How was this doctrine applied in this case

Refer to the case of People's Aircargo v. Court of Appeals G.R. No. 117847

Related Book For answer-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

See More Books

Posted Date: Dec 27, 2023 12:30 AM

See More Questions

Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Using Algebraic manipulation, minimize the following function and implement with minimal number of gates: H(W,X,Y, Z) = WXY + WYZ + WXYZ + WXYZ + WYZ + WXY [10] Design a logic circuit that controls...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
Since the introduction of enhanced security measures by the U.S. Department of Homeland Security in 2017, flights bound for the U.S. from Canada are subject to additional screening by airline...
Determine x and y so that the objective function 4x + 3y is maximized. 1. 2. (0, 20) feasible (0, 0) set (20, 0) (10, 12) (4, 10) (15, 8) feasible (0, 5) (18, 5) set (0, 0) (20, 0)
List some things that you need. Then ask yourself if you would still want some of those things if the price were five times higher. Would you still want them if the price were 10 times higher?
As you have seen in this chapter, international trade law is founded on the importance and benefits of removing trade barriers. However, WTO rules also recognize the need to restrain trade in certain...
Analyzing the Effects of Transactions Using T-Accounts, Preparing Financial Statements, and Evaluating the Total Asset Turnover Ratio Following are account balances (in millions of dollars) from a...
When an object is placed between the pole(P) and focus(F) of a concave mirror, the image formed is (i) behind the mirror (ii) virtual and erect and (iii) larger than the object (or magnified) M A' E...
Kevin Brownis the management accountant at and Sons Bank. Some of his colleagues attended a conference recently where they learned that machine learning can be used to accurately predict loan...
Use the principles of operant conditioning to teach a child with ADD or ADHD to sit still in class and raise their hand to speak in a classroom setting. Be sure to use appropriate terminology. Which...
Bank of America was committed to the strategic use of sports sponsorships. Bednar had aligned the universal bank model/return on investment approach to evaluate the benefits of a sponsorship to the...
TULULJ Other data not yet recorded at December 31: a. Insurance expired during the year, $8. b. Depreciation expense for the year, $7. c. Salaries and wages payable, $10. d. Income tax expense, $12....
The recent and sudden collapse of one of America s best national and regional banks, Silicon Valley Bank ( SVB ) , sent shock waves across the globe. Indeed, even a mere few weeks before its failure...
Based on Equity theory, there are three forms of organizational justice. Explain each form of organizational justice by providing a definition and relevant examples. In your explanation, elaborate on...
Tony and Maria each chose a positive integer and told these to Lenny, but to nobody else. Lenny said: "Either the sum of your two numbers is 70 or the product of your two numbers is 70." (Because...
2.Jonathan is reviewing the activities for the past year. Sleep Well Inc. rents a small administrative office in Melbourne's central business district (CBD) for $40,000 per year and a large warehouse...
Ask students to outline the reasons why the various elements of culture (social structures and control systems, language and aesthetics, religion and other belief systems, educational systems, etc.)...
This is a stocklist case arising under 220(b) of our [Delaware] General Corporation Law. The issue is whether a shareholder states a proper purpose for inspection under our statute in seeking to...
Tom Jones owed Bank of Cleveland $10,000 on a note due November 17, with 1 percent interest due the bank for each day delinquent in payment. Jones issued a $10,000 check to Bank of Cleveland and...
Adams, a consulting engineer, entered into a partnership with three others for the practice of their profession. The only written partnership agreement is a brief document specifying that Adams is...
The position of a particle is defined by the position vector where numerically $a=0.33, b=0.71, c=1.0$. Determine: 1. the dimensions of $a, b, c$; 2. the function describing the velocity and...
A projectile is launched from the Earth's surface with velocity $v_{0}=50.0 \mathrm{~m} / \mathrm{s}$, at an angle $\theta=60^{\circ}$ to the vertical. Determine the radius of curvature of the...
The equation of motion of a particle is given in Cartesian coordinates by the relation $\mathbf{r}(t)=\alpha t^{2} \hat{\mathbf{i}}+\beta t^{2} \hat{\mathbf{j}}$. Determine (i) the trajectory of...

Can an officer of a corporation validly represent and bind the corporation in a contractual obligation without

Question:

Expert Answer:

In the case of Peoples Aircargo v Court of Appeals GR No 117847 1 Representing and Binding the Corpo... View the full answer

Smith and Roberson Business Law

Students also viewed these law questions