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ABC Sdn. Bhd. is a company with the following object clause: to sell, buy, rent rent motorcycles Recently ABC Sdn. Bhd. has entered and signed
ABC Sdn. Bhd. is a company with the following object clause:
"to sell, buy, rent rent motorcycles"
Recently ABC Sdn. Bhd. has entered and signed a contract with Locomotive Sdn. Bhd. with a view to expand their business in renting tractors, Lorries and large trucks for constructions.
i)Is the contract with Locomotive Sdn. Bhd. ultra vires in law?
ii)ABC Sdn. Bhd. informs you that it does not want to have an object clause. Can this be done. Explain you answer
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