You use free version of Magic Help. To copy essay texts upgrade subscription level. Therefore, the decisions and actions by the company officers, employees or indeed its agents will be taken to be those of the company which shall bear the liability. This was with a view of safeguarding the interests of both the shareholders and the creditors by way of the doctrine of ultra vires.
Clause 3 of the memorandum that: The objects for which the company is established are to make and sell, or lend on hire, railway carriages and wagons, and all kinds of railway plant, fittings, machinery, and rolling-stock; to carry on the business of mechanical engineers and general contractors; to purchase and sell, as merchants, timber, coal, metals, or other materials; and to buy and sell any such materials on commission, or as agents.
The company agreed to provide Richie and his brother with finance for the construction of a railway in Belgium but later repudiated the agreement. Sign in to your personal account at any time and check the status of your order. Also, you can reach out to our Customer Support or the assigned writer and ask if your paper is right on track.
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THE ULTRA VIRES DOCTRINE OF COMPANY LAW IN ZAMBIA INTRODUCTION This assignment examines the debate on the legal issues surrounding the abolition of the requirement to submit a Memorandum of Association when applying to incorporate a company under the Zambian Companies Act cap of the Laws of Zambia. .
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