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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › company law
Which of the following parties is contractually bound by a company’s constitution?
A The company
B Members in a capacity other than as a member
C Company directors
D Third parties with a business relationship with the company
1. The answer is A
2. Could you explain what does ‘Members in a capacity other than as a member’ mean?
3. Also why B could not be the answer?
Thanks.
Check out the case Eley v Positive Government Life Assurance Company ad page 72 of the English variant course notes
