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The capacity to contract of a limited company is restricted by the ultra vires principle but three of the following statements are rules which mean that the principle has a limited effect. Which are they? A. The directors' powers are deemed to be free of limitation. B. A company's constitution by default has unrestricted objects in favour of a third party acting in good faith. C. Companies have the same capacity as human beings. D. A company's articles can be amended to restrict the types of contracts its directors may enter the company into. E. Third parties are not required to check whether or not the act is ultra vires. |