Law · Corporate Law
Based on established company law precedents (such as Panorama Developments (Guildford) Ltd v Fidelis Furnishing Fabrics Ltd), which of the following contracts would a Company Secretary typically have the implied (ostensible) authority to enter into on behalf of the company without express board authorization?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Contracts for hiring administrative motor vehicles to transport clients and officers for company operations✓
- 2Contracts for acquiring new freehold land or major warehouses to expand company operations
- 3Applications for substantial bank credit facilities and long-term loans to fund working capital
- 4Commercial agreements to outsource a major portion of the company's core production capacity
Correct answer
Contracts for hiring administrative motor vehicles to transport clients and officers for company operations
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