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The authority that one can assume a person purporting to be an agent of the company has, based on a representation made by someone authorised by the company, is called


A) actual authority
B) implied authority
C) false authority
D) ostensible authority

E) All of the above
F) None of the above

Correct Answer

verifed

verified

Which of the following is not a requirement for a document to be a deed?


A) document being formal
B) making it clear that it is to be a deed
C) been validly executed
D) carries the signatures of all the shareholders

E) C) and D)
F) None of the above

Correct Answer

verifed

verified

D

Which of the following does not bind the company?


A) deeds
B) contracts between the company and customers
C) contracts between the company and employees
D) shareholder agreements

E) None of the above
F) B) and D)

Correct Answer

verifed

verified

D

Who can enter into contracts on behalf of the company?


A) directors
B) distributors
C) shareholders
D) creditors

E) A) and D)
F) B) and D)

Correct Answer

verifed

verified

A device used for making an impressed mark on a document to authenticate it is called


A) company seal
B) company deed
C) company stamp
D) company certificate

E) A) and D)
F) A) and C)

Correct Answer

verifed

verified

A

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