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I need help in translating or explaining in Filipino/tagalog so that I can understand the example below more clearly. Thank you. Another example, if individuals
I need help in translating or explaining in Filipino/tagalog so that I can understand the example below more clearly. Thank you.
- Another example, if individuals within a company make use of resources that go beyond the scope of their legal purview, this can be called ultra vires. Such actions may include appropriating company revenue or shares of the company that the individuals do not have legal ownership of. If a manager were to access the bank accounts of the company and use those assets for personal needs this would be classified as ultra vires acts. If an accountant or another financial officer within a company transferred ownership of company shares they have rights to control, this also falls under ultra vires acts.
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