Economics · Company Law
Arrange the following events in the correct logical sequence to illustrate the application of the Doctrine of Ultra Vires: A. The company engages in an action or activity falling outside the scope of its stated objectives. B. The primary and ancillary objectives of the company are established in the Object Clause of the Memorandum of Association (MOA). C. Remedies such as issuing an injunction or declaring contracts a nullity are made available. D. The Doctrine of Ultra Vires dictates that the action is legally void and unenforceable.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1B, A, C, D
- 2B, A, D, C✓
- 3A, B, C, D
- 4B, C, A, D
Correct answer
B, A, D, C
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