Commentary

14 Companies, limited liability partnerships and partnerships

BUILDING AND ENGINEERING vol 5
| Commentary

14 Companies, limited liability partnerships and partnerships

| Commentary

14 Companies, limited liability partnerships and partnerships

The validity of an act done by a company cannot be called into question on the ground of lack of capacity by reason of anything in the company’s memorandum1. A person dealing with a company in good faith is entitled to assume that the power of the board of directors to bind the company, or to authorise others to do so, is free of any limitation under the company’s constitution2. Whether a company is bound by the acts of an individual director, secretary or other agent purporting to act on its behalf depends

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