17 Dec 2013
KEN JONES BUILDING SUPPLIES LIMITED t/a Placemakers Cranford, Cranford Street, Christchurch v EDENDALE INVESTMENTS LIMITED [2013] NZHC 3429
- Citation
- [2013] NZHC 3429
- Court
- High Court
There was no evidence of actual or ostensible authority on the part of Mr C H Waters to bind Edendale Investments Limited to the Agreement to Mortgage; Companies Act s18 and the indoor management rule do not create such authority where the company has not held the director out as having it; because the caveator failed to establish an arguable interest under s137 the application to sustain the caveat was dismissed.