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Revision-final Wordof10 to d 16.1 of eves L'is a director of LD Ltd. The business was in a financial difficulty recently hence L took a
Revision-final Wordof10 to d 16.1 of eves L'is a director of LD Ltd. The business was in a financial difficulty recently hence L took a loan from Bank A on behalf of LD Ltd. To secure the loan, she granted a charge for Bank A over LD's all property. ~ S VS. To protect its business, in March 2019 LD Ltd amended its articles and it inserts a clause 12. D bies ... . stating "the company's business is providing searching services for commercial use only." In April 2019 L was approached by a wealthy merchant A who requested L's company to 13a conduct a personal search on his wife. L signed the contract on behalf of the company with A igin and received the deposit. . 16.14 In June, the board of LD Ltd learned the transaction and declined to carry on the contract with A claiming that L's behavior is ultra vires and therefore the contract is void.+ elter 2 14b Advise any remedies available for A and remedies for members of LD Ltd on the effect of the cancellation of the contracts. lipix nong Us 539 74 08
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