COMPANIES ACT, 1929

Hed
(b) A contract which if made between private persons would

be by law required to be in writing, signed by the parties
to be charged therewith, may be made on behalf of the
company in writing signed by any person acting under its
authority, express or implied:
A contract which if made between private persons would
by law be valid although made by parol only, and not
reduced into writing, may be made by parol on behalf
of the company by any person acting under its authority,
express or implied.

(2) A contract made according to this section shall be effectual
in law, and shall bind the company and its successors and all other
parties thereto.

(3) A contract made according to this section may be varied
or discharged in the same manner in which it is authorised by this
section to be made.

4) A deed to which a company is a party shall be held to be
validly executed in Scotland on behalf of the company if it is executed
in accordance with the provisions of this Act or is sealed with the
common seal of the company and subscribed on behalf of the com-
pany by two of the directors and the secretary of the company, and
such subscription on behalf of the company shall be binding whether
attested by witnesses or not.

'c)

30. A bill of exchange or promissory note shall be deemed to
have been made, accepted, or endorsed on behalf of a company if
made, accepted, or endorsed in the name of, or by or on behalf or on
account of, the company by any person acting under its authority.

Bills of exchange
and promissory
notes.

31.—(x) A company may, by writing under its common seal, Execution of
empower any person, either generally or in respect of anv specified deeds abroad.
matters, as its attorney, to execute deeds on its behalf an «ny place
not situate in the United Kingdom.

‘2) A deed signed by such an attorney on behalf of the company
and under his seal shall bind the company and have the same
effect as if it were under its common seal.
32.—(1) A company whose objects require or comprise the ower for
cransaction of business in foreign countries may, if authorised ppl ip pave
by its articles, have for use in any territory, district, or place not use abroad.
situate in the United Kingdom, an official seal, which shall be a
facsimile of the common seal of the company, with the addition on
its face of the name of every territory, district, or place where it is
to be used.

(2) A deed or other document to which an official seal is duly
affixed shall bind the company as if it had been sealed with the
common seal of the company.

(3) A company having an official seal for use in any such
territory, district or place may, by writing under its common seal,
authorise any person appointed for the purpose in that territory.