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.