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Question 1

Ultra Vires

Answer 1

You as a director go beyond your authority. If you act beyond your authority, no one is bound by the contract, thus this doctrine was removed.

Stipulate the Turquan Rule: external members goes beyond their authority.

Question 2

Association agreement:

Answer 2

Optional for members of CC to have agreements between the members.

Question 3

If a member fails to notify any interest in a contract:

Answer 3

Upon CC finding this out, it is voidable at the option of the CC.

Question 4

Doctrine of constructive notice:

Question 5

Atleast 75% for change of CC to company:

Answer 5

True

Question 6

S 65:

Gross Abuse

Answer 6

Personal Liability of Members:
- personal liability is imposed on members in a number of circumstances
- abuse of the separate legal personality of CC
- s 65
- failure to use the proper name of the CC
- reckless or fraudulent trading

Question 7

S 20 (9)

Answer 7

Unconscionable abuse - broader