Multiple Choice
Which of the following is an incidental power of a corporation?
A) Power to do all acts reasonably necessary for carrying out its purpose
B) Power to indorse and accept negotiable instruments
C) Power to borrow money and contract debts
D) Power to have a continuous existence
Correct Answer:
Verified
Correct Answer:
Verified
Q1: A not-for-profit corporation usually issues stock.
Q2: The articles of incorporation constitutes a contract
Q3: Certificates called shares of stock represent ownership
Q5: In the state in which it received
Q6: Which of the following is not true
Q7: Which of the following does NOT determine
Q8: A person who takes the initial
Q9: The power to make bylaws and regulations
Q10: Which of the following best describes bylaws?<br>A)They
Q11: Statutes frequently require a corporation's name to