Authority

Question 1

Two types of Authority (big category)

Answer 1

1. Actual
2. Deemed

Question 2

2 types of Actual Authority

Answer 2

1. Express
2. Implied

Question 3

3 types of Deemed Authority

Answer 3

1. Statutory
2. Ostensible
3. Turquand rule

Question 4

Express authority- Directors’ general authority

Which statute

Answer 4

MA3

Question 5

Principle/agent relationship is the key. From appt to specific role or a course of dealing

Answer 5

Implied

Question 6

Statutory: which statute protects in good faith against restrictions in the constitution

Answer 6

S40

Question 7

Agent’s authority per outsider. Representation by a person with actual authority and reasonable reliance

Answer 7

Ostensible authority

Question 8

Outsiders can assume compliance with internal procedures

Answer 8

Turquand rule