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Ultra Vires

This topic has 1 reply, 2 voices, and was last updated 7 years ago by MikeLittle.

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November 8, 2017 at 5:59 pm #414893
humai
Participant
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Hello
Sir as we know that if a company enters into a contract which is outside its object then the contract is ultravires. However rights of third party are protected. So it means that contract will be binding na?
November 8, 2017 at 6:48 pm #414897
MikeLittle
Keymaster
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That’s what I said in response to your previous post and I’ll say it again … even though it may be ultra vires the articles its validity shall not be called into question where a company deals with a third party acting in good faith
OK?
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