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Question Three (3) [25 Marks] a) The doctrine of constructive notice was repealed and replaced with special conditions in the Notice of Incorporation of a
Question Three (3) [25 Marks] a) The doctrine of constructive notice was repealed and replaced with special conditions in the Notice of Incorporation of a company, with reference to the Ernest v Nicholls, discuss (10 Marks) b) Describe the differences between debentures and shares (10 Marks) c) With reference to the Ashbury Railway and Iron Co & Richie case, explain what you understand by the ultra vires doctrine? d) Outline the effect of the ultra vires doctrine? e) Outline the legal consequences of the ultra vires doctrine?
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