More cards in this set

Card 6

Front

What can be ratified?

Back

Preview of the front of card 6

Card 7

Front

In what period does ratification need to happen?

Back

Preview of the front of card 7

Card 8

Front

How else can a directors act be ratified?

Back

Preview of the front of card 8

Card 9

Front

When will the court ratify or excuse an act?

Back

Preview of the front of card 9

Card 10

Front

Can the articles excuse a director's act?

Back

Preview of the front of card 10

Card 11

Front

What is the general rule about loans between the company and directors?

Back

Preview of the front of card 11

Card 12

Front

Can loans be ratified?

Back

Preview of the front of card 12

Card 13

Front

Are there exceptions?

Back

Preview of the front of card 13

Card 14

Front

What is the remedy for an unapproved loan?

Back

Preview of the front of card 14

Card 15

Front

What happens if the approval is not minuted?

Back

Preview of the front of card 15