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High Court Wellington
29, 30 August; 27 September 1949
Finlay J
29, 30 August; 27 September 1949
Finlay J
Company Law — Meeting — Directors — Article requiring Directors' Fees to be fixed at General Meeting — Fees fixed and paid without Resolution — Transaction intra vires and Honest — Unanimous Concurrence of All Corporators — Transaction Valid.
Principal and Agent — Agent having ostensibly Full Authority — Results of Its Exercise regularly reported in Principal's Accounts and Balance-sheets — Onus on Principal to disprove Authority.