Describe the relationship between company and out siders
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Defines the relationship between company and outsiders. Defines the relationship between the company and its members and between the members inter se. ... Acts to Memorandum cannot be ratified and outsiders have no remedy against the company. Acts ultra vires to Articles can be ratified by suitable legal formalities.
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COMPANY MEANS A GROUP OF PEOPLE WHO ARE THERE TO HLP EACH OTHER AS BRAINLY MEMBERS AND OUTSIDERS ARE THOSE WHO TRY TO INTERRUPT LIKE THE ONES WHO DISCRIMINATE
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