a)Wangettos Ltd. is a public company. Its directors have decided to venture into transport by acquiring a fleet of public service vehicles. They did not notice that this activity is outside its object clause. The company's chairperson Ann Ofwende who owns 10% of the voting shares negotiated a loan which was in excess of the company's issued capital from Joan Mandeto, a financier. Joan Mandeto did not refer to any of the company's registered documents nor did she inquire into the purpose to which the money would be put. The money is used by the directors to pay part of the purchase price of the vehicles. The rest of the purchase price remain unpaid. Some members who hold a substantial amount of shares in Wangettos Ltd, intent to move a resolution to insert into the memorandum an object permitting the acquisition and use of the vehicles. One of the directors Wangettos Ltd announces that if this is done, he will apply to court to have the new objective clause quashed.

i)Critically analyze the above case and (8marks)

Give a solid advise to the directors(7marks)