Examlex
Which of the following terms refers to a political philosophy, promoted by many younger Blacks in the 1960s, that supported the creation of Black-controlled political and economic institutions?
Ultra Vires
An act that is beyond the legal authority or power of a legislature or corporate body.
Corporate Borrowing
The process by which companies obtain capital through the issuance of debt securities or taking out loans.
Corporation Act
Legislation governing the formation, operation, and dissolution of corporations, detailing their legal rights, capacities, and liabilities.
Indoor Management Rule
A legal principle that protects third parties who enter into contracts with a company, assuming the company's internal rules and procedures have been followed.
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