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

Question

Quizplus · Accepted Answer

Implied powers are those powers not expressly granted to a corporation but necessary to carry out its express powers. One of Techno Talent's express powers is to borrow and lend funds, so it has the implied power to do so. The other options are incorrect because departing from traditional corporate formalities may violate laws or the corporation's own bylaws, binding the corporation to an action that greatly affects its purpose requires approval from the board of directors or shareholders, and implied powers do not give a corporation free reign to do anything outside the scope of its express powers.