References: (1964) 112 CLR 597
Ratio: (High Court of Australia) If, when a contract is negotiated on behalf of a company, the directors bona fide think it in the interests of the company as a whole that the transaction should be entered into and carried into effect they may bind themselves by the contract to do whatever is necessary to effectuate it.
Jurisdiction: Australia
This case is cited by:
- Cited – Fulham Football Club Ltd v Cabra Estates plc CA ([1994] 1 BCLC 363)
Fulham, as lessees of Craven Cottage, agreed with CABRA, a developer, who had applied for planning permission to redevelop the ground, shortly before a public inquiry which had been set up to consider the planning application; and also a proposal by . .
(This list may be incomplete)
Last Update: 15 March 2019
Ref: 241637