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Harold Holdsworth & Co (Wakefield) Ltd v Caddies [1955] 1 WLR 352

By Oxbridge Law TeamUpdated 04/01/2024 07:05

Judgement for the case Harold Holdsworth & Co (Wakefield) Ltd v Caddies

Table Of Contents

  • X was appointed managing director of a company; under terms of appointment was stated that X would carry exercise the powers of the company as would be from time to time vested in him by board of directors.

  • Board decided to make X concentrate exclusively on a subsidiary company; X stated that this was repudiation of contract of employment as it was inconsistent with his role as managing director.

Held

  • Terms of appointment made it clear that X, as managing director, only had so much power as board might vest in him.

  • Thus board’s later decision was not breach of this agreement.Β 

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Company Law Notes
805 total pages
1081 purchased

Company law notes fully updated for recent exams in the UK. These notes...