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Questions and Answers
What is the purpose of the Doctrine of Indoor Management?
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?
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?
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?
In the context of the text, what is the significance of the Memorandum and the Articles?
What protects outsiders against being affected by irregularities in a company's internal proceedings?
What protects outsiders against being affected by irregularities in a company's internal proceedings?
What exceptions exist under the Doctrine of Indoor Management?
What exceptions exist under the Doctrine of Indoor Management?
How does the Doctrine of Indoor Management balance public convenience and justice?
How does the Doctrine of Indoor Management balance public convenience and justice?
'Doctrine of Indoor Management' is also known by which other name mentioned in the text?
'Doctrine of Indoor Management' is also known by which other name mentioned in the text?
What protects a company against outsiders according to the text?
What protects a company against outsiders according to the text?
'Knowledge of irregularity' is one of the exceptions to which doctrine mentioned in the text?
'Knowledge of irregularity' is one of the exceptions to which doctrine mentioned in the text?
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