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…The plaintiff by its amended plaint filed on April 9, 1986 stated that in September, 1980 the board of directors sought and obtained a loan of Kshs 10,000,000 from Habib Bank Zurich for building and development of the said…

…It is alleged that the first defendant proceeded to grant the said loan without the authority or consent of the board of directors.…

…I am making arrangement to forward to you a cheque to cover commitment fee but, in the meantime, I would like to record my appreciation to you and to your board of directors for the assistance extended to me.…

…S hould you require the loan facilities, we would suggest that you apply for them again so that the matter could then be placed before our Board of Directors for their consideration.…

…The employer had to wait for its Board of Directors to approve of Didar’s tender which took ten days.…