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Commerce · Q606

Legal Aspects of Business

Graduate and Post Graduate · Commerce · question 606

Q606

Outsiders dealing with the company in good faith have a right to presume that the company has duly completed all the formalities. This is known as principle of:

A.
Ultra Vires
B.
Indoor Management
Answer
C.
Constructive Notice
D.
Good Faith

Answer: Option B

Solution

Answer: Option B
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