Which of the following best represents the meaning of term ‘ultra vires’?
Ultra vires is a Latin term made up of two words “ultra” which means beyond and “vires” meaning power or authority. So we can say that anything which is beyond the authority or power is called ultra-vires. Ultra vires contract is the void ab initio which implies that it cannot be provided with a legal status even by ratification or estoppel. The Doctrine of Ultra Vires is introduced to safeguard the creditors and investors of the company. The doctrine of Ultra vires prevents the company from using the money of the investors other than those mentioned in the object clause of the memorandum. Hence, both the investors and company must be assured that their investment will not be used for the objects or activities which they did not have specified at the time of investing money in the company.
Select the number from among the given options that can replace the question mark (?) in the following series.
86, 74, 62, 54, ?, 42, 38
Select the figure that will come in place of the question mark (?) in the following figure series.
It was Thursday on February 1, 2007. What was the day of the week on February 2, 2006?
Three different positions of the same dice are shown. Find the number on the face opposite the face showing ‘1’.
82 is related to 41 following a certain logic. Following the same logic, 94 is related to 47. To which of the following is 66 related following the same...
In a certain code language, ‘ACTIVE’ is coded as ‘CBSKUG’, and ‘MEMBER’ is coded as ‘LGLAGQ’. How will ‘LEAGUE’ be coded in that lan...
Read the given statements and conclusions carefully, Assuming that the information given in the statements is time, even if it appears to be at variance...
Select the option figure which is embedded in the given figure as its part (rotation is NOT allowed).
In a certain code language, 'TEACHER' is written as 'CAHEETR', and 'STUDENT' is written as 'DUETNST'. How will 'SUCCESS' be written in that language?
Out of the four words listed, three are alike in some manner and one is different. Select the odd one.