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

Question

Tech Talent, Inc., is a corporation. Techno Talent's implied powers enable it to​

Quizplus · Accepted Answer

Implied powers of a corporation refer to the powers that are not expressly mentioned in the articles of incorporation but are reasonably necessary to carry out the corporation's purpose. Borrowing and lending funds are implied powers of a corporation, which enable it to achieve its objectives effectively. Option A is incorrect as corporations have some implied powers. Option B is incorrect because implied powers do not allow corporations to disregard corporate formalities entirely. Option C is incorrect because implied powers may enable a corporation to bind itself to actions only if they are necessary to accomplish the corporation's purpose.