exception to internal management doctrine.
Forgery .. Co. articles states that if co. get a loan then there must be signature of atleast 2 directors on loan agreement. One director forged the signature of other and made a deal of loan.. So there's a forgery and the contract is invalid.. and Lender cannot avail the benefit of doctrine of internal management. right?
here we assume that lender had no knowledge of forgery thing
but if lender knew everything about the forgery and he gave loan even after that.. will he be able to recover his money back???
CAclubindia
