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Which of the following statements regarding directors' borrowing powers is correct?

Where directors borrow for a non-business purpose, the loan contract is unenforceable by the lender

Where directors borrow a greater amount than they have the power to, the loan contract is unenforceable by the lender

Where directors exceed their bowering powers, the company may ratify the loan contract if it is within the capacity of the company

Where directors borrow for a business purpose, the loan contract is unenforceable unless it is supported by a company charge

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Chapter16Loancapital

A loan contract that is beyond the powers of the directors may be ratified by the company if it is within the capacity of the company. Charges are not required for a loan contract to be enforceable.

Loan contracts are enforceable by the lender even if they are ultra vires.

多做几道

Which of the following is a remedy available under the civil law?

A fine

Imprisonment

Damages

All criminal law cases begin in which of the following courts?

The County Court

The Magistrate's Court

The Crown Court

The Queen's Bench, Family and Chancery are all division of which court?

Crown Court

Supreme Court

High Court

Which of the following statements concerning cases brought before a Magistrate's Courts is correct?

The case is decided by the Magistrate rather than a jury

Only criminal cases are heard at a Magistrate's Court

Appeals are made directly to the Court of Appeal

Which of the following offences would only be heard at a Magistrate's Court?

An indictable offence

A summary offence

A 'triable either way' offence