229. Companies, corporations and partnerships.

A contract may be executed by a company:

  1.  

    (1)     by the affixing of its common seal1; or

  2.  

    (2)     by being signed, on behalf of the company, by: (a) two authorised signatories2; or (b) a director of the company in the presence of a witness who attests the signature3.

The validity of an act done by a company is not to be called into question on the ground of lack of capacity by reason of anything in the company's constitution4. Where a person deals with a company in good faith, the power of the directors to bind the company, or authorise

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