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Ultra Vires in Corporate Law
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Ultra Vires in Corporate Law

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Questions and Answers

What is the purpose of the Doctrine of Indoor Management?

  • To ensure all company dealings are reported to regulatory authorities
  • To require all internal documents to be publicly available
  • To protect the company against outsiders
  • To protect outsiders against the company (correct)

    • Which legal doctrine limits the doctrine of constructive notice?

  • Doctrine of Indoor Management (correct)
  • Doctrine of Constructive Notice
  • Royal British Bank v.Turquand Rule
  • Memorandum and Articles Rule

    • What does the Doctrine of Indoor Management presume about outsiders dealing with a company?

  • They have read the Memorandum and Articles
  • They have in-depth knowledge of the internal proceedings
  • They have full access to internal company documents
  • They need not inquire into the regularity of internal proceedings (correct)

    • In the context of the text, what is the significance of the Memorandum and the Articles?

    <p>They are openly accessible and important for legal compliance</p> Signup and view all the answers

    What protects outsiders against being affected by irregularities in a company's internal proceedings?

    <p>Doctrine of Indoor Management</p> Signup and view all the answers

    What exceptions exist under the Doctrine of Indoor Management?

    <p>Forgery committed by a company's officers</p> Signup and view all the answers

    How does the Doctrine of Indoor Management balance public convenience and justice?

    <p>By protecting outsiders from inquiry into internal regularities</p> Signup and view all the answers

    'Doctrine of Indoor Management' is also known by which other name mentioned in the text?

    <p>'Royal British Bank v.Turquand Rule'</p> Signup and view all the answers

    What protects a company against outsiders according to the text?

    <p>'Constructive Notice Doctrine'</p> Signup and view all the answers

    'Knowledge of irregularity' is one of the exceptions to which doctrine mentioned in the text?

    <p>'Doctrine of Indoor Management'</p> Signup and view all the answers

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