Which of the following is not an express power of a corporation?
A) Power to be free from double taxation.
B) Power to sue and be sued in the corporations' name.
C) Power to have perpetual existence.
D) Power to acquire property,make contracts and borrow money.
E) Power to lend money.
Correct Answer:
Verified
Q1: Corporations have implied powers.
Q21: Which of the following is a disadvantage
Q22: Which of the following is an implied
Q23: Corporations distribute their income to shareholders through
Q24: A corporation may call in and repay
Q26: Profits kept by a corporation for reinvestment
Q27: Regarding management of a corporation,which of the
Q28: A document a corporation files with the
Q29: Which of the following references the liability
Q30: The FDIC is an example of what
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