Wizardry Corporation's purpose clause in its charter states the following: "To operate a home-cleaning service business." After a few years of successful operation, Wizardry is offered the challenge of landscaping a neighboring business. If Wizardry accepts the offer, it would be violating its charter under
A. the de jure doctrine.
B. the de facto doctrine.
C. the ultra vires doctrine.
D. an estoppel theory.
Answer: C
You might also like to view...
Which step in the service recovery process allows the service provider to find out if a recovery effort is successful?
A. Showing compassion B. Conducting a follow-up C. Taking immediate action D. Providing compensation
A _____ of two corporations occurs when they combine so that one survives and the other ceases to exist.
A. dissolution. B. merger. C. buyout. D. consolidation
Business strategy is a strategy that ______.
A. attempts to address the fundamental question of what industries and markets in which the organization should enter and compete B. attempts to address the fundamental question of how a company can compete in a particular industry C. attempts to address the fundamental question of how to improve the company’s operations D. attempts to address the fundamental question of what advertising strategy to follow
A debit is used to record an increase in all of the following accounts except:
A. Dividends B. Prepaid Insurance C. Supplies D. Accounts Payable E. Cash