Application of Section 125, Section 140 and Authority of Representative of Company
VerifiedAI Summary
The solution discusses the application of section 125, section 140 and the authority of the representative of the company. It also covers the duties of the director in accordance with the Corporation Act 2001. The first question deals with the validity of the contract with Build Em Architects and whether it is considered to be in breach of the objects clause. The second question deals with the breach of directorial duties by Zak, Taylor and Abdullah towards Great Adventures Ltd (GA) and the penalties applicable.