Is whichbank ltd able to recover the loan from the compan

Assignment Help Management Theories
Reference no: EM13341650

Adrian, the managing director of Landforce Pty Ltd organises a loan of $250 000 from Whichbank Ltd on behalf of the company. Adrian is a long-standing officer of the company and has dealt many times with this particular bank. The company's constitution stipulates that any borrowing exceeding $100 000 must first be approved by the board of directors. Adrian has not sought the appropriate approval from the board and he directs that the loan funds should flow into a special account that only he has access to.

During the negotiations to arrange the loan, a bank official asks Adrian why the funds are going into the special account rather than to the company account. Adrian assures him that this is the new arrangement sanctioned by the company. One week later the money from the bank and Adrian have disappeared. The company is refusing to pay back the loan to Whichbank Ltd.

Is Whichbank Ltd able to recover the loan from the company?

 

 

Reference no: EM13341650

Questions Cloud

Prepare a research paper on ebay company : Prepare a research paper on EBay company relating to the management of virtual organizations.
Determine the magnetic field inside the solenoid : A 43.0 mA current is carried by a uniformly wound air-core solenoid with 425 turns, a 11.5 mm diameter, and 12.5 cm length. Compute the magnetic field inside the solenoid
How would you characterize hollates control environment : How would you characterize Hollate's control environment (strong/weak)? Use specifics from the case in support of your assessment.
Several of the judges point out what is significantly miss : Several of the judges point out what is significantly missing from the way Esanda pleaded its case. It is these missing elements which, the judges are saying, point to the lack of a duty of care owed by the auditors to Esanda. What are these missing ..
Is whichbank ltd able to recover the loan from the compan : Is Whichbank Ltd able to recover the loan from the company?
Find the initial acceleration of the metal cylinder : A 0.550 kg metal cylinder is placed inside the top of a plastic tube, the lower end of which is sealed off by an adjustable plunger, what is the initial acceleration of the metal cylinder
At what speed is the ball moving : A photon of red light (wavelength = 720 nm) and a Ping-Pong ball (mass = 2.00 × 10-3 kg) have the same momentum
Prepare a presentation relevant to company law : presentation on a current item which is relevant to Company law. This is a chance to develop your research skills in a contemporary environment
Brodie pty ltd is the trustee of the brodie family trust : Brodie Pty Ltd is the trustee of the Brodie family trust

Reviews

Write a Review

Management Theories Questions & Answers

  Learning in action

Learning contract proposal that will form the basis of your learning contract report.

  Change is the only constant

"Change is the only constant " Evaluate the different types of change that have occurred in Sony.

  How do advertisers try to use group influence

How do advertisers try to use group influence?  Will you find any specific examples and explain the relevant theory of group behavior and influence?

  Case study:saving sony

You have been appointed by Sony as a consultant on change management. Advise Sony on how they could implement the change by using the various theories of change you have learnt.

  How the stock market works

The purpose of this project is to help you to gain an understanding of how the stock market works and of the relationship between theory and practice.

  Find the optimal production quantities

Find not only the optimal production quantities, but also the optimal total cost.

  Describe the management process

Describe the management process and identify the skills required to manage business organizations.

  Case study : bert''s bonsai and aquatic sport museum

Case Study : Bert's Bonsai and Aquatic Sport Museum Prepare a knowledge management system.

  Knowledge management techniques

Demonstrate understanding of the many-sided nature of knowledge management

  Theory of transtheoretical model

Demonstrate understanding of the many-sided nature of knowledge management

  Write a paper on historical trends of management

Write a paper on Historical Trends of Management.

  Theory of reasoned action

Theory of Planned Behavior and Integrated Behaviors Model

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd