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Explain the Turquand Rule and its significance in company law. Discuss the case of Royal British Bank v Turquand ( 1 8 5 6 )

Explain the Turquand Rule and its significance in company law. Discuss the case of Royal British Bank v Turquand (1856)6 E&B 327, outlining the facts, legal principles, and the court's decision. Analyse how the Turquand Rule protects third parties dealing with companies and evaluate its application under the Companies Act 71 of 2008.

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