Question

When one party to a contract goes ultravires the terms of contract?

Answer 1

Explanation:

$\huge\underline\mathfrak\red{Answer}$

 Basic principles regarding the doctrine Shareholders cannot ratify an ultra-vires transaction or act even if they wish to do so. Where one party has entirely performed his part of the contract, reliance on the defense of the ultra-vires was usually precluded in the doctrine of estoppel.

Answer 2

❤️Basic principles regarding the doctrine Shareholders cannot ratify an ultra-vires transaction or act even if they wish to do so. Where one party has entirely performed his part of the contract, reliance on the defense of the ultra-vires was usually precluded in the doctrine of estoppel