Afik News 124 17.04.2013

Check discounting is essentially a loan agreement that is subject to the rules applicable to off-banking loans

A corporation is liable to a third party who was misled to believe that someone acting on behalf of the corporation did so with authority

Exemption from liability of officers requires proper procedure in the company and full disclosure of information

A purchasing group organizer may be charged with real estate taxes as a contractor rather than as an intermediary

Loyalty can be created by verbal or behavioral agreement but requires proof

The reliance on missing data and the lack of independent discretion in drafting the terms of the tender may lead to the cancellation of the tender

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