In progress - [Corp] Powers-MCQ Flashcards
1
Q
The following are the classifications of corporate powers, except:
a. express powers
b. ultra vires powers
c. implied powers
d. incidental/inherent powers
A
B
2
Q
Which of the following is not an express power of a corporation?
a. To adopt a corporate name
b. To adopt and use a corporate seal
c. To deny preemptive right of stockholders
d. To make reasonable donations in aid of any political party or candidate or for purposes of partisan political activity
A
A
It is an incidental/inherent power
2
Q
Which of the following is an implied power of a corporation
A
3
Q
A
