Thirty men decide to engage in the business of manufacturing and selling bicycles. They procure the formation, under the Companies (Consolidation) Act, 1908, of the X Bicycle Company, Limited. In the memorandum of association the objects of the company are stated to be: “The manufacture and sale of bicycles.” The associates supply that legal unit with funds through payment of subscriptions to its stock, and the company proceeds to manufacture and sell bicycles. But the company loses money, and, on the recommendation of the directors and with the approval of all the shareholders, the manufacture, of bicycles is stopped, and the funds of the company are employed in maintaining a motor omnibus service between two towns. The driver of one of these omnibuses, while acting within the scope of his employment as prescribed by the directors of the company, by his negligence runs into A, who was at the time in the exercise of due care, and breaks A's leg. The driver is financially irresponsible. A sues the X Bicycle Company, Limited, and that company defends on the ground that maintaining the omnibus service was ultra vires. Should this defence be successful?