House of Lords held that if company, incorporated by or under statute, acted beyond scope of objects stated in statute or in its memorandum of association, such acts were void as beyond company’s capacity, even if ratified by all members.
About Legal Case Notes
Legal Case Notes is the leading database of case notes from the courts of England & Wales. Court judgments are generally lengthy and difficult to understand. Lawyers rely on case notes - summaries of the judgments - to save time. I have written over 600 high quality case notes, covering every aspect of English law. These are available on the site in clear, indexed form.