True or false? an employee does something as a company representative with the knowledge of that company and this action is deemed illegal. the company would be legally responsible for this action.

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12-09-2022
Business

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True or false? an employee does something as a company representative with the knowledge of that company and this action is deemed illegal. the company would be legally responsible for this action.

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pavanchintu008 pavanchintu008 · Answer 1 · 2022-09-14T20:18:28+02:00

When an employee acts in the capacity of a company representative with the knowledge of that company, the activity is regarded as illegal. Legal liability for this action would fall on the company. It's true.

Company Representative refers to any individual at the time who has been authorised to act on behalf of the Company by a written certificate provided to the Issuer and the Trustee bearing the sample signatures of such individuals and signed on behalf of the Company Representative by the President or any Vice President of the Company.

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