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Corporate Authority - Coggle Diagram
Corporate Authority
ostensible authority
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types of representation
Ulster Factors v Entongeln tacitly represented director had authority, no actual authority - tacit representation sufficient
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Turquand Rule
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Royal British Bank v Turquound company issued bond, memorandum and articles required ordinary resolution, not complied with - court right for outsider to infer conditions complied with
acctual authority
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set out in companies constitution - courtney if act within actual authority and capacity then company bound