Exceptions of Ultavires Acts

  1. If any act is ultravires the directors but intravires the company, the company can ratify it.
  2. If the act is ultravires the article but intravires the company the articles may be altered to include the act within the power of the company.
  3. If the act is ultravires the company but it has been done in good faith for the benefit of the company the person will be freed from his liability.
  4. If the company has taken ultravires loan and uses it to pay intravires debts the company will be liable not the director. The outsiders can sue the company.
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