Solved

Pipe Inc'S Stated Purpose Is to Roast Coffee Beans and Prepare

Question 50

Multiple Choice

Pipe Inc.'s stated purpose is to roast coffee beans and prepare coffee and tea products. Pipe contracts with Quality Contracting to pour a new building's foundation because Pipe has an employee with some skill in this area. This is most likely


A) an ultra vires act.
B) within the corporation's express powers.
C) within the corporation's implied powers.
D) allowable and proper as an act to profit corporate shareholders.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents