Acts of directors which are beyond their powers but within that provided in the memorandum of association of the company _________.
A. Cannot be ratified and are void
B. Can be ratified in general meeting
C. Are illegal
D. Are voidable at the option
Answer:B
Acts of directors which are beyond their powers but within that provided in the memorandum of association of the company _________.
A. Cannot be ratified and are void B. Can be ratified in general meeting C. Are illegal D. Are voidable at the option