Corporations have many express powers. Which of the following would not be an express power of a corporation?

Question

Quizplus · Accepted Answer

Corporations inherently have several express powers such as perpetual existence, suing and being sued, buying and selling property, and making contracts and borrowing money. However, the power to eliminate double taxation is not an express power of a corporation; it is a tax structure determined by legislation and not a power a corporation can unilaterally exercise.

Corporations Have Many Express Powers