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WAEC Commerce 1993 Question 13

Question 13

Business Units

Any action taken by a company outside its stated objective is regarded as

  1. A.caveat vendetta
  2. B.a trespass
  3. C.ultra vires
  4. D.uberrimae fidei
  5. E.a nuisance
Show the answer and explanation

Answer: C (ultra vires)

Explanation

Ultra vires means 'beyond the powers': acts outside the objects clause of the Memorandum of Association.