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Answer the following: Explain section 45 ultra vires acts of corporations. Explain Ultra vires and Intra vires acts Explain Vires act distinguished from an illegal

Answer the following:

  • Explain section 45 ultra vires acts of corporations.
  • Explain Ultra vires and Intra vires acts
  • Explain Vires act distinguished from an illegal act
  • Explain Ratification of Ultra vires act
  • Explain the effects of ultra vires acts which are not illegal

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