Company Contracts

Abstract

The circumstances in which a company will be bound by the acts of its agents pose one of the most vexed questions in company law. The importance of this question needs no emphasis: as a company must, by its nature, always act through the instrumentality of agents any question of a company's contractual liability will invariably involve a preliminary question as to the authority of the relevant agent to bind the company. This article is an attempt at an elucidation of the rules governing the capacity of agents to bind a company.