Ultronics Corporation is incorporated in New Mexico.The articles of incorporation state that the purpose of Ultronics is to "manufacture consumer electronic products." One of the executives has recently read an article stating that most young electronics enthusiasts also engage in the sport of snowboarding; as a result,he convinces the company to begin manufacturing snowboards.Which of the following best describes Ultronics' manufacture of snowboards?
A) This is an exercise of express powers.
B) This is an exercise of implied powers.
C) This is an ultra vires act.
D) This is an exercise of inherent powers.
E) Until the articles of incorporation are amended, the manufacture of snowboards is considered to be a promoter's activity.
Correct Answer:
Verified
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