What are the express powers of a corporation?
What will be an ideal response?
Generally, a corporation has the power to purchase, own, lease, sell, mortgage, or otherwise deal in real and personal property; make contracts; lend money; borrow money; incur liabilities; issue notes and bonds and other obligations; invest and reinvest funds; sue and be sued in its corporate name; make donations for the public welfare or for charitable, scientific, or educational purposes; and the like. These powers are called express powers. Corporations formed under general incorporation laws cannot engage in certain businesses, such as banking, insurance, or operation of public utilities.
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Following World War II, Nazi war criminals often used the ______, claiming they were merely following orders.
A. Nuremberg Defense B. German solder argument C. Hitler argument D. propaganda/paranoia defense
Job content matters, but it is not the only basis for setting pay.
Answer the following statement true (T) or false (F)
The Magnuson-Moss Warranty Act only covers face-to-face sales, not catalog or Internet sales
a. True b. False Indicate whether the statement is true or false
The most important element in determining whether a sales contract has been made is the:
a. language of the contract. b. fact that the terms of the offer and acceptance are exactly alike. c. number of open terms. d. intent of the parties to make a contract.