[aztect]

I'm having trouble doing my homework,

Say if a Senior Director who reports to the managing director of company A (take note that Company A has 8 other directors which the chair/CEO of company A was a founder of Company C which Company A is a fully owned subsidiarity of). The senior director and managing director has a limit of $240,000 and $500,000 respectively of entering into a contract on behalf of company A, in which if the contract limit is exceeds the maximum amount of $500,000 then Company A will require the approval of Company C in order to enact the contract.

Now say if the senior director advises company B for a takeover, which B agrees at a discounted price of $500,000 from ($699,023.51), the fee only applies if the takeover is successful, the senior manager then gets the contract from company B at the discount price in which he signs it and then forges the signature of his manager director who he reports to as he had a misadventure. Then the contract is processed, the fee is paid at a discount, however Company A finds out about the forgery and wants company B to pay the full amount.

There are 3 parts to this question

a) is company A bound by the new contract
b) what would've happened if the senior manager forges the signature of not only the managing director and the CEO.
c) and if company B knew accurately of the forgery, then would company B, be liable to pay the full fee back due do their knowledge of the forgery and not notifying company A of it?

I have a general idea of the legal issues, but I would like to have some third party views to it, thanks.

[aztect]

Oh if it helps, I'm currently studying corporations law in Australia, and have been learning from the corporations act 2001.

[JudyKayTee]

AMHD has a policy of not doing homework.

It boils down to you need to know the law to pass the exams, pass the Boards, practice law.

Your professors are no help with this?