American Home Assurance Company v Tjmond Properties Ltd - [1984] 2 NZLR 452

Company law — Memorandum of association — Objects — Ultra vires — Food manufacturing company expanded and started processing and exporting game products — Company entered a joint venture arrangement overseas concerned with game processing and executed a deed of indemnity in respect of lease obligations of overseas company — Whether company had acted within its powers in entering into the deed of indemnity — Whether company was liable under the deed in proceedings commenced before 6 December 1983 (ie, before s 18A of the Companies Act 1955 came into force).