Seldon Owned Several Apartment Buildings

question 41

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.

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Definitions:

Blastocyst

An early-stage embryo consisting of a sphere of cells surrounding an inner fluid-filled cavity, occurring before implantation into the uterine wall.

Inner Cell Mass

The inner cell mass is a cluster of cells inside the early embryo (blastocyst) that will eventually give rise to the embryo proper and some of the extraembryonic tissues.

Embryo Development

Embryo development is the process by which an embryo forms and develops, involving cell division, and differentiation, leading to the development of tissues and organs of a living organism.

Karyotype

The number, shape, and size of chromosomes in the nucleus of a cell, often displayed in a photograph for analysis.