The Doctrine of Ultra Vires Has No Place in Modern

question 53

Essay

The doctrine of ultra vires has no place in modern corporate law. The public should be entitled to assume a corporation has all the rights and duties of a natural person, and the doctrine should be abolished. Discuss this statement and any other issues it raises.

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Definitions:

Learning Problems

Difficulties in acquiring knowledge or skills to the expected level, often requiring specialized interventions.

Communication Skills

Communication skills involve the ability to convey or share ideas and feelings effectively, including listening, speaking, reading, and writing.

Social Reality

The spectrum of beliefs, institutions, norms, and behaviors that characterize the social life of a group or society, perceived as objective by its members.