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Page 137

CHAPTER 11
DIRECTORS

Kreditbank Cassel v. Schenker8, Ltd. [1927] 1 K. B. 826. The articles empowered the directors to determine who should have authority to draw bills on the company's behalf. C., the company's Manchester manager, drew bills on the company's behalf in favour of K., who took them, believing C. to be authorised to draw them. C. had no such authority. Held, the company was not liable on the bills because (1) C. had no authority to draw them, and (2) the bills were forgeries. If C. had been a director, the company would have been liable.(65)
4. When the person dealing with the company has been put on enquiry. (66) It is a case for enquiry if a director or officer of the company does something outside his normal powers. (67)
5. Possibly, when the person dealing with the company has not relied on the articles at all (67) but this is doubtful. (65)

MANAGING DIRECTOR
The articles usually empower the directors to appoint a managing director. Unless they do so, the directors cannot appoint one of themselves to be managing director. s s Table A, Art. 107, provides that the directors may appoint one of their body to the office of managing director for such period and on such terms as they think fit; that the managing director shall not retire by rotation, but that the appointment shall be determined on his ceasing to be a director. Such an article does not enable the directors, who have appointed a managing director, to break the conditions of the appointment by revoking it at will.

Nelson v. James Nelson & Sons, Ltd., [1914] 2 K. B. 770. The articles empowered the directors to appoint a managing director for such period as they thought fit. They appointed N. to hold office as long as he remained a director and efficiently performed his duties. N. fulfilled the conditions of his appointment, but was dismissed by the directors. Held, the directors could not dismiss N. at will or as long as he fulfilled the conditions of his appointment, and that N. was entitled to damages.

The company is liable in damages if a managing director's appointment for a term of years is prematurely terminated through an alteration of the articles.

Southern Foundries, Ltd. v. Shirlaw, [1940] A. C. 701. S. was appointed managing director of B. company for ten years. Later, the articles were altered and new articles empowered F. company to remove from office any director of B. company. F. company removed S. from the directors and, under the articles, he thereby ceased to be managing director. Held, B. company were liable to S. for breach of contract.

65 British Thomson-Houston Co. v. Federated European Bank, [1932] 2 K. B. 176. 66 B. Liggett (Liverpool) v. Barclays Bank, [19281_ 1 K. B. 48.
67 Houghton & Co. v. Nothard, [1927] 1 K. B. 246; [1928] A. C. 1.
68 Boschoek Proprietary Co. v. Fake, [1906] 1 Ch. 148, at p. 159.

travel books:
where is HTML where is HEAD where is TITLE Kreditbank Cassel v. Schenker8, Ltd. [1927] 1 K. B. 826. what is articles empowered what is directors to determine who should have authority to draw bills on what is company's behalf. C., what is company's Manchester manager, drew bills on what is company's behalf in favour of K., who took them, believing C. to be authorised to draw them. C. had no such authority. Held, what is company was not liable on what is bills because (1) C. had no authority to draw them, and (2) what is bills were forgeries. If C. had been a director, what is company would have been liable.(65) 4. When what is person dealing with what is company has been put on enquiry. (66) It is a case for enquiry if a director or officer of what is company does something outside his normal powers. (67) 5. Possibly, when what is person dealing with what is company has not relied on what is articles at all (67) but this is doubtful. (65) MANAGING DIRECTOR what is articles usually empower what is directors to appoint a managing director. Unless they do so, what is directors cannot appoint one of themselves to be managing director. s s Table A, Art. 107, provides that what is directors may appoint one of their body to what is office of managing director for such period and on such terms as they think fit; that what is managing director shall not retire by rotation, but that what is appointment shall be determined on his ceasing to be a director. Such an article does not enable what is directors, who have appointed a managing director, to break what is conditions of what is appointment by revoking it at will. Nelson v. James Nelson & Sons, Ltd., [1914] 2 K. B. 770. what is articles empowered what is directors to appoint a managing director for such period as they thought fit. They appointed N. to hold office as long as he remained a director and efficiently performed his duties. N. fulfilled what is conditions of his appointment, but was dismissed by what is directors. Held, what is directors could not dismiss N. at will or as long as he fulfilled what is conditions of his appointment, and that N. was entitled to damages. what is company is liable in damages if a managing director's appointment for a term of years is prematurely terminated through an alteration of what is articles. Southern Foundries, Ltd. v. Shirlaw, [1940] A. C. 701. S. was appointed managing director of B. company for ten years. Later, what is articles were altered and new articles empowered F. company to remove from office any director of B. company. F. company removed S. from what is directors and, under what is articles, he thereby ceased to be managing director. Held, B. company were liable to S. for breach of contract. 65 British Thomson-Houston Co. v. Federated European Bank, [1932] 2 K. B. 176. 66 B. Liggett (Liverpool) v. Barclays Bank, [19281_ 1 K. B. 48. 67 Houghton & Co. v. Nothard, [1927] 1 K. B. 246; [1928] A. C. 1. 68 Boschoek Proprietary Co. v. Fake, [1906] 1 Ch. 148, at p. 159. where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 137 where is strong CHAPTER 11 DIRECTORS where is p align="justify" Kreditbank Cassel v. Schenker8, Ltd. [1927] 1 K. B. 826. what is articles empowered what is directors to determine who should have authority to draw bills on what is company's behalf. C., what is company's Manchester manager, drew bills on what is company's behalf in favour of K., who took them, believing C. to be authorised to draw them. C. had no such authority. Held, what is company was not liable on what is bills because (1) C. had no authority to draw them, and (2) what is bills were forgeries. If C. had been a director, the company would have been liable.(65) 4. When what is person dealing with what is company has been put on enquiry. (66) It is a case for enquiry if a director or officer of the company does something outside his normal powers. (67) 5. Possibly, when what is person dealing with what is company has not relied on the articles at all (67) but this is doubtful. (65) MANAGING DIRECTOR what is articles usually empower what is directors to appoint a managing director. Unless they do so, what is directors cannot appoint one of themselves to be managing director. s s Table A, Art. 107, provides that what is directors may appoint one of their body to what is office of managing director for such period and on such terms as they think fit; that what is managing director shall not retire by rotation, but that what is appointment shall be determined on his ceasing to be a director. Such an article does not enable what is directors, who have appointed a managing director, to break what is conditions of what is appointment by revoking it at will. Nelson v. James Nelson & Sons, Ltd., [1914] 2 K. B. 770. what is articles empowered what is directors to appoint a managing director for such period as they thought fit. They appointed N. to hold office as long as he remained a director and efficiently performed his duties. N. fulfilled what is conditions of his appointment, but was dismissed by what is directors. Held, what is directors could not dismiss N. at will or as long as he fulfilled what is conditions of his appointment, and that N. was entitled to damages. what is company is liable in damages if a managing director's appointment for a term of years is prematurely terminated through an alteration of what is articles. Southern Foundries, Ltd. v. Shirlaw, [1940] A. C. 701. S. was appointed managing director of B. company for ten years. Later, what is articles were altered and new articles empowered F. company to remove from office any director of B. company. F. company removed S. from what is directors and, under what is articles, he thereby ceased to be managing director. Held, B. company were liable to S. for breach of contract. 65 British Thomson-Houston Co. v. Federated European Bank, [1932] 2 K. B. 176. 66 B. Liggett (Liverpool) v. Barclays Bank, [19281_ 1 K. B. 48. 67 Houghton & Co. v. Nothard, [1927] 1 K. B. 246; [1928] A. C. 1. 68 Boschoek Proprietary Co. v. Fake, [1906] 1 Ch. 148, at p. 159. where is Server.Execute("_SiteMap.asp") %

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