MCQOPTIONS
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| 1. |
When an act is performed or a transaction is carried out, which thoughlegal in itself, is not authorized by the objects clause in the Memorandum or by Statute, it is said to be. |
| A. | ultra vires the powers of the company. |
| B. | intra vires the powers of the company. |
| C. | ultra vires the powers of the company. |
| D. | ultra vires the implied authority. |
| Answer» B. intra vires the powers of the company. | |