Question
Which of the following best represents the meaning of
term ‘ultra vires’?Solution
Ultra vires is a Latin term made up of two words “ultra” which means beyond and “vires” meaning power or authority. So we can say that anything which is beyond the authority or power is called ultra-vires. Ultra vires contract is the void ab initio which implies that it cannot be provided with a legal status even by ratification or estoppel. The Doctrine of Ultra Vires is introduced to safeguard the creditors and investors of the company. The doctrine of Ultra vires prevents the company from using the money of the investors other than those mentioned in the object clause of the memorandum. Hence, both the investors and company must be assured that their investment will not be used for the objects or activities which they did not have specified at the time of investing money in the company.
Statements: Z % Y; X # W; U % V; W & V; Y @ X
Conclusions:
I. U @ X ...
Which among the following symbols should replace the question mark [?] (in the same order from left to right) in the given expression in order to make ...
Which among the following symbols should replace the question mark [?] (in the same order from left to right) in the given expression in order to make b...
Statement: E ≤ F; E ≤ H; F = P; H < S
Conclusion:
I. S ≤ F
II. P ≥ S
In the following question, a relationship between different elements is shown in the statements followed by two conclusions I and II. Assuming the state...
Which of the following symbols should replace the sign ($) and (*) respectively in the given expression in order to make the expression A ≥ J and P ...
Relationship between different elements is shown in the statements. Find if the conclusions also follow or not.
Statements: J ≥ Q = W ≥ D <...
Statements: N $ J, J % O, O * P, P # X
Conclusions :
I. X % J
II. N $ P
III. J % X
IV. X % O
Statements: P = Q = R > S > T > Z; U > R < V < W > X
Conclusions:
I. W > Z
II. R < W
III. R < X
In the question, assuming the given statements to be true, find which of the conclusion (s) among given two conclusions is /are definitely true and then...