Part I Formation and Registration of Companies; Juridical Status and Membership
Chapter III A Company’s Capacity; Formalities of Carrying on Business
35BF1 No duty to enquire as to capacity of company or authority of directors. C1
A party to a transaction with a company is not bound to enquire as to whether it is permitted by the company’s memorandum or as to any limitation on the powers of the board of directors to bind the company or authorise others to do so.