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Understanding the Ultra Vires Doctrine by Deb-Nife Oluwatosin is a document available to read on EtoBox.

What is Understanding the Ultra Vires Doctrine about?

The ultra vires doctrine establishes that a company can only engage in activities within the powers granted by its memorandum of association, protecting creditors and investors from unauthorized actions. Contracts made outside these powers are considered void, as illustrated by landmark cases such as Ashbury Railway Carriage and Iron Company v. Riche. Exceptions exist where certain acts may be ratified by shareholders or are incidental to the company

Author

Deb-Nife Oluwatosin

Language

EN