The doctrine of ultra vires has no place in modern corporate law. The public should be entitled to assume a corporation has all the rights and duties of a natural person, and the doctrine should be abolished. Discuss this statement and any other issues it raises.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q43: There is little privacy for a director
Q44: Discuss some of the issues that may
Q45: Shareholder agreements are useful devices to protect
Q46: Aztech Oil Corporation and Empire Oil Corporation
Q47: Identify the major aspects in which corporations
Q48: The most significant percentage in corporate finance
Q49: Phillip, Robert, and Mike, are the directors
Q50: Where an investor is offered either common
Q52: Tax legislation provides shareholders with a dividend
Q53: The Canadian Broadcasting Corporation is an example
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents