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(a) Explain the common law doctrine of ultra vires
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Mind Map on (a) Explain the common law doctrine of ultra vires, created by Fiza Ab Karim on 05/04/2015.
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Fiza Ab Karim
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Fiza Ab Karim
over 9 years ago
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(a) Explain the common law doctrine of ultra vires
Object clause
the most important of the memorandum
sets out those acts which the company has capacity to undertake.
Anything outside the objects and powers of a company is ultra vires
ULTRA VIRES
acts which are not specified in its objects clause in MOA of the co. or not incidential to their attainment
COMMON LAW POSITION
the transaction is void
& did not bind to co.
Ashbury Railway Carriage & Iron Co vs Riche
Re Jon Beauforte (London) Ltd
Re introduction Ltd
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