Tech Talent & Personnel, Inc., is a corporation. Tech Talent's implied powers enable it to

Question

Quizplus · Accepted Answer

The implied power to borrow funds and lend funds is a common power granted to corporations, as it is essential to their financial operations. Option B is incorrect because departing significantly from traditional corporate formalities can be a breach of fiduciary duty and lead to personal liability for the officers and directors of the corporation. Option C is incorrect because binding the corporation to an action that greatly affects its purpose would likely require specific authorization, rather than being an implied power. Option A is incorrect because corporations have many implied powers granted by law.