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Business Entity Concept

When a person...

Question

When a person transacts with a company on matters which is beyond the power of the company, the person will be governed by the Doctrine of ______.

A

Management by Exception

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B

Constructive Notice

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C

Indoor Management

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D

Self Management

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Solution

The correct option is C Constructive Notice
Constructive noticeis the legal fiction that signifies that a person or entity should have known, as a reasonable person would have, of a legal action taken or to be taken, even if they have no actual knowledge of it.
Hence, option (B) is the correct answer.

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