M.A. Thesis:

Provisions and works out of the company's business transactions

In the trade law of Article 588, a legal person, such as a company, can have all the rights and duties that the law imposes on individuals, with the rights and duties that a person may have in common, such as the rights and duties of the father and child, and the like. At first glance, it seems that companies can enter into all types of contracts and transactions. In other words, according to the law, it is apparently the principle that companies have the authority or ability to sign or conclude each contract. Some exceptions to the fact that companies have the ability to close each contract, such as the exception that companies should only work in their own field of work and the subject of the company, and if the manager or company outside the subject of the contracting company is bound by the contract For example, a company whose business is importing and disposing of household appliances, has no right to engage in construction and construction projects, and concludes a contract, and if such an agreement is beyond the scope of the company, it is null and void. That is, anyone who suffers from a contract can ask for a cancellation of the contract. Of course, some lawyers consider this view to be extreme, and they say that the validity of such contracts, which are agreed upon by the representatives of the companies, should be subject to the approval of the company's decision-making authority, that is, the general and extraordinary assemblies, and if they do so The transactions are confirmed. The transaction will be invalid and canceled.

Keywords: legal judgments, commercial companies, criminal responsibility, civil liability