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Luso Furnishers borrowed K2 million from Union Bank Ltd (now in liquidation). Unknown to the bank at that time, Luso Furnishers Ltd's objects clause in

Luso Furnishers borrowed K2 million from Union Bank Ltd (now in liquidation). Unknown to the bank at that time, Luso Furnishers Ltd's objects clause in the Memorandum did not include the power to borr...

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