rally cars dsplayed at the MRC Pty Lid stall Sebastian, who owrs MRC Pty Lid, tels her that MRC is a new tourism enterprse and that he is looking for businesses abie to corstruct and repair such cars Micheke hands Sebatan her business card that describes her position as "Managing Director" for Krazy Kars Michele sees a real opportunity for Krazy Kars to get imvolved and, ater Sebastian tels her there are lots of interested parties, immediately lets him know Krazy Kars can censtruct and supply 200 mini rally cars over the next calendar year. She sigrs a contract as Managing Director of Krazy Kars tht oommts Krazy Kars to provide those cars at a prioe "covering the cost of manufacturing plus 10% On Michele's return to thee office she cas the other directors together to tel them the good news. To her dsappontment Carlos and Possum oonclude that Krazy Kars is unable to meet these targets and that Michele had no rght to make such commitments They pass a motion (over Michele's objections) that Sebasian steuld be told that Krazy Kars wll not be provdng the vehkes When Sebastan finds out, he demands that Krary Kars honours the contrat Michele sgned Required: EITHER advise Sebandian as to whether (and why) Krazy Kars 1S bound by the contract OR advise Carlos and Possum as to whether (and why) Kray Kars s NOT bound by the contract (15 marks) Remember to give reasons and refer to iegsanon and cases, where revant n your anawer Question 4 This question has two parts. Both should be attempted. a The court may seek to attribute the acts of individuals and groups to the company Name and explain thetheory that has been developed to justity such attribution (5 marks) and identify where it may be applied. (5 marks) Click or tap here to enter text b. Krazy Kars Pty Lid (Krazy Kars) equips and sels oustomised off road vehcles to operators in the tourst industry. The drectors are Carlos, Possum and Michele According to its consttution, athough Micele as the only ful-time director routinely arranges day to-day purchases and services, any contract worth more than $100,000 between the company and any other party must be approved by a maorty of the directors Wth changes to the market, the comparry's proftabilty is declining and the directors agree the business should diversify Michele volunteers to explore options whie she is touring Australa on her winter holidays and to ceme back with ideas to present to Carlos and Possum at the next directors meeting The oer two agree When Michcle arrives in Darwin she attends a car show and is fasonated by mini