- 1 Marks
BL – May 2016 – L1 – SA – Q5 – Company Law
Identify the scenario where a limited liability company's action is considered ultra vires.
Question
The action of a limited liability company is considered ultra vires where it is NOT contained in
A. The capital clause
B. The subject clause
C. The authorization clause
D. The Code of corporate governance
E. The object or business clause
Find Related Questions by Tags, levels, etc.
- Tags: Company Actions, Legal Boundaries, Ultra Vires
- Level: Level 1
- Topic: Company Law
- Series: MAY 2016
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