borrowing powers
borrowing powers the power of a public or corporate body to bor- row. Most public bodies are invested by statute with power to bor- row; the extent of any power in a particular case will depend on the precise language of the statute concerned (see Att. Gen. v. De Winton [1906] 2 Ch. 106).A UK-registered COMPANY has no inherent power to borrow. How- ever, a company that carries on a business has an implied power to borrow money and give security for the purpose of its business (see General Auction Estate Co. v. Smith [1891] 3 Ch. 432). Borrowing pow- ers may be expressly conferred by provision in the company's MEM- ORANDUM OF ASSOCIATION; a company whose object is to carry on
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breach of confidence
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business as a general commercial company is endowed with the power to do all such things as are incidental or conducive (including borrowing) to that end in terms of the Companies Act 1985.
- actual grant presumed
- actual knowledge
- actus reus
- ad colligenda bona
- ademption (of legacies)
- adherence
- ad hoc
- ad idem
- adjectival law
- adjournment
- adjudication
- adjudicator
- adjustment
- adjustment of prior transactions
- ad litem
- administration order
- Administrative Court
- administrative law
- administrator
- administrator-in-law
- Admiralty Court
- admissibility
- admission
- Adopted Children's Register
- adoption