以下是高顿网校为大家整理的：F4公司法与商法第十八章，希望对考生们有所帮助。
 
　　3 The division of power
 
　　3.1 General
　　(a) Company law divides the exercise of power between:
　　the board of directors and
　　the members in general meetings.
　　The division is governed by the articles, and can be varied according to the individual company's structure.
　　Individual directors derive authority either expressly through the articles or Board or via law of agency.
　　(b) Table A Article 70: confers on the Board the right to manage the company and to exercise all the powers of the company, subject to provisions of the Companies Act and those powers conferred on members in the articles.
　　(c) Agency: Director acts as agent for the company. Can bind the company in contracts.
　　Authority of Agent: The authority to act attached to a specific order, or implied from the implied: position held within the company. Managing director: can bind company in all commercial contracts. Company secretary: can bind company in all administrative contracts.
 
　　3.2 Position of third parties
　　(a) Third parties are generally concerned that the action of the director can be relied upon as being within the law and the company's constitution.
　　(i) CA 1985:  can rely (if TP acting in good faith) on the unlimited power of directors to bind the company.
　　However : Directors must observe any limitation on their powers in the company's memorandum.
　　Apparent – Implied: Where it appears to TP they have authority, and company's board acts in support of this appearance, then TP can rely on directors having authority to act.
　　Freeman and Lockyer v Buckhurst Park Properties: Managing director
　　Panorama v Fidelis Furnishing Fabrics Ltd: Company secretary.
　　(b) Control by members: Own the business and so wish to control its future.
 
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