Which of the following is an incidental power of a corporation?
A) Power to do all acts reasonably necessary for carrying out its purpose
B) Power to indorse and accept negotiable instruments
C) Power to borrow money and contract debts
D) Power to have a continuous existence
Correct Answer:
Verified
Q10: After it is incorporated, a corporation cannot
Q11: Statutes frequently require a corporation's name to
Q12: A corporation that is incorporated in
Q13: The power to make bylaws and regulations
Q14: A person who takes the initial
Q15: Which of the following best describes bylaws?
A)They
Q16: The articles of incorporation constitutes a contract
Q18: The powers of public corporations may be
Q19: In the state in which it received
Q20: What are the three types of powers
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