Question: Is the following statement correct / incorrect / partially correct? Motivate your answer. In terms of the Close Corporations Act 26 of 1988 all members

Is the following statement correct / incorrect / partially correct? Motivate

Is the following statement correct / incorrect / partially correct? Motivate your answer. "In terms of the Close Corporations Act 26 of 1988 all members of a close corporation have implied authority to represent the close corporation in contracts with third parties." [3]

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