Question

Theodore, as treasurer of Valleyview corporation, has a duty to invest corporate as he dean best for the company. when Valley view company went public, The new board decided that the committee of officers make such investment decisions. Theodore thereafter unilaterally contracted to purchase investment securities with corporate earnings has he done many times before; search contract would be valid

Answer 1

Answer:

The answer to this question can be described as follows:

Explanation:

Apparent authority, that is the authority of an entity to legitimately bind its client to a third party, which derives from both the actions of a subject, by enabling the client to make transactions of a particular type on his side.  

• It can be executed by the company in several ways, e.g. by catching out that an individual does have executive power on his behalf to cope with the listed company.  
• If anyone says the next person will have the power to reflect them, its principle would be that individuals can undertake them to agreements inside the bounds of the legitimacy.
• It shows the third parties, which will believe that somehow the transacting party does have the right to transfer, but unless something has changed which would trigger the state of things to also be challenged.