Seldon Owned Several Apartment Buildings

question 51

Essay

Seldon owned several apartment buildings.Sheila is the president of Ivest-co Inc, a corporation incorporated under the Canada Business Corporations Act.Sheila entered into a lease with Seldon to rent some office space in one of Seldon's buildings on behalf of Invest-co.Seldon was confident that the lease would be enforceable against Ivest-co Inc because the president of the corporation had signed the lease on behalf of the corporation.Unknown to Seldon, the by-laws of the corporation said that the corporation could only enter into leases if two directors of the corporation signed them.Discuss whether the lease is enforceable.

---

Definitions:

Dissociative Disorders

Mental health conditions characterized by a person's disconnection from thoughts, identity, consciousness, or memory.

Psychological Stress

A condition of emotional or mental strain resulting from adverse or demanding circumstances.

Cognitive Restructuring

A therapeutic technique used in cognitive behavioral therapy to identify, challenge, and change negative and irrational thoughts.

Brain Tumor

A mass or growth of abnormal cells located within the brain, which can be benign (non-cancerous) or malignant (cancerous), leading to various neurological symptoms.