2. The company's objects stated that it was to carry on a business as gown makers but the business had evolved into making veneered panels. No change had been made to the objects clause to reflect this change. A coal merchant had supplied coal to the company which was ordered on company notepaper headed with reference to the company being a veneered panel maker. The company subsequently refused to pay the coal merchant. – Can the company do so? Give - reasons for your answer.

2. The company's objects stated that it was to carry on a business as gown makers but the business had evolved into making veneered panels. No change had been made to the objects clause to reflect this change. A coal merchant had supplied coal to the company which was ordered on company notepaper headed with reference to the company being a veneered panel maker. The company subsequently refused to pay the coal merchant. – Can the company do so? Give - reasons for your answer.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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