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Commerce · Q808

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 808

Q808

"A person dealing with a company must satisfy himself that the company has power to enter into the proposed transaction." This is the requirement of:

A.
Doctrine of Ultra Vires
B.
Doctrine of Indoor Management
C.
Doctrine in Constructive Notice
Answer
D.
Doctrine of 'Buyer beware'

Answer: Option C

Solution

Answer: Option C
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