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Business Law - Sugarloaf Hill Nominees Pty Ltd

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Added on  2019-10-30

Business Law - Sugarloaf Hill Nominees Pty Ltd

   Added on 2019-10-30

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Running Head: BUSINESS LAW ASSIGNMENT Business law assignment
Business Law - Sugarloaf Hill Nominees Pty Ltd_1
BUSINESS LAW ASSIGNMENT 1Directing mind and willA corporation has a separate legal entity which are different from its members and it is incorporated by its own member and considered as an artificial person it can purely work via itsthe members. The important persons who take most of the decision are known as key personnels. The directors regulate all the activities and will be known as mind and will of the body. their ability related to binding the company diprives from the agency. An employee by the, implicit actual control, apparent authority or actual authority can tie the corporate body it’s the pure discretion of the company whether such act action has taken by the employee of the company and that too beyond it power can get approval or not. the Western Australian Supreme Court recently took the decision with regard to the liability of the key personals’ for the act of the corporation in the case where the investor of the company lost their properties due to the investment scheme of the company(Sugarloaf Hill Nominees Pty Ltd v Rewards Projects Ltd(2011)WASC). In the case of ABC Development Learning Centres Pty Ltd v Wallace(2006)VSC 171 The Supreme Court of Victoria struck down that the person who is senior in the company will beThe directing mind and will. Whose rights will be originates from the directors of the company and such person will for the advantage of the organization and an employee can considered as mind and will of the organization if worked within the authority( Supreme Court of Victoria 2006).
Business Law - Sugarloaf Hill Nominees Pty Ltd_2

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