Legal Question in Business Law in Philippines
what are the requisities of a valid ratification of ultra vires act
Asked on 10/09/12, 5:57 am
1 Answer from Attorneys
VOLTAIRE T. DUANO
VOLTAIRE T. DUANO LAW OFFICE
It can be done impliedly and expressly. The first by accepting benefit on the act while the second by performing a positive act stating that the same is being ratified.
Answered on 10/09/12, 7:04 pm
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