When an act is performed or a transaction is carried out, which though legal in itself, is not authorized by the objects clause in the Memorandum or by Statute, it is said to be.
A. Ultra vires the powers of the company.
B. Intra vires the powers of the company.
C. Ultra vires the powers of the company.
D. Ultra vires the implied authority.
Answer:A
When an act is performed or a transaction is carried out, which though legal in itself, is not authorized by the objects clause in the Memorandum or by Statute, it is said to be.
A. Ultra vires the powers of the company. B. Intra vires the powers of the company. C. Ultra vires the powers of the company. D. Ultra vires the implied authority.