Which of the following is an implied power of a corporation?
A) Power to establish rules for managing the corporation.
B) Power to have perpetual existence.
C) Power given in the statement of corporate purpose in the articles of incorporation.
D) Power to lend money.
E) Power to sue and be sued in the corporations' name.
Correct Answer:
Verified
Q1: Corporations have implied powers.
Q18: Which of the following is false regarding
Q18: Among the shareholders of an S corporation,
Q19: Which of the following is false regarding
Q21: Which of the following is a disadvantage
Q23: Corporations distribute their income to shareholders through
Q24: A corporation may call in and repay
Q25: Which of the following is not an
Q26: Profits kept by a corporation for reinvestment
Q27: Regarding management of a corporation,which of the
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