Manner in which contracts may be made
6 Manner in which contracts may be made
Contracts may be made by or on behalf of the trust as follows:
a contract which, if made between private persons, would be required to be in writing under seal may be made by the trust under its common seal;
a contract which, if made between private persons, would be required to be in writing signed by the parties to be charged may be made on behalf of the trust in writing by any person acting under its authority, express or implied;
a contract which, if made between private persons, would be valid although made by parol only may be made by parol on behalf of the trust by any person acting under its authority, express or implied.
A contract may be varied or rescinded by or on behalf of the trust in the same manner as it is authorised to be made.
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