Sorry you're wrong. Very wrong. Companies can and do rescind contracts all the time. When you enter into a contract with another party (- that is when you have the authority to do so), it is CLEARLY LAID OUT IN THE TERMS AND CONDITIONS for such things as periods of notice of termination etc etc .....
Do you really think a company selling an entire gold mine would not have these kind of clauses written into any contract is signed as standard?
That is of course when you have the relevant authority to sign on behalf of the company and commit it to entering into a LEGALLY (clearly not in this case) binding contract.
If not the contract will fall flat on its face the first time it is tested out in court. Ooopps sorry - didn't that happen in August 2011???
That's basic basic contract law, which is the same in every country in the world.
Did the person have authority to sign on behalf of the company. No then the whole contract is invalidated. Even in common law it would be the doctrine of res ipsa loquitur - the thing speaks for itself - no authority to act then bye bye contract.
If you want to read more on res ipsa loquitur heres a link to wikipedia. It goes into even more detail about why this contract is invalid ....
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