Brief English Introduction
This reading explains the two-track structure of ultra vires representation after the Contract Book Interpretation: statutory limits and agreed limits have different effects and different review expectations. Reasonable review sits between purely formal checking and full substantive investigation.
Use It For
Use it to make the counterparty’s role concrete in guarantee and authority disputes.
Teaching Notes
Ask students what documents a prudent counterparty should request before relying on a legal representative’s signature or seal.