If a Corporation Commits an "Ultra Vires Act," Which of the Following

question 54

Multiple Choice

If a corporation commits an "ultra vires act," which of the following is not an available remedy?

• A) The shareholders may sue for an injunction prohibiting the act.
• B) The shareholders may sue the corporate officers or directors for damages.
• C) The state attorney general may bring criminal charges against the corporate officers and/or directors.
• D) The state attorney general may sue to dissolve the corporation.
• E) The corporation itself can sue its officers or directors for damages.

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Definitions:

Price

The sum required, anticipated, or paid in currency as a swap for goods.

Miles

A unit of distance measurement equal to 5,280 feet or approximately 1.609 kilometers, commonly used in the United States.

Second-Class Tickets

Tickets offered by transportation services, such as trains or airplanes, that offer a lower level of comfort and amenities compared to first-class at a reduced price.

First-Class Tickets

Tickets that offer premium services and amenities to passengers, typically at a higher price.