When a Corporation Acts in Excess of or Beyond the Scope

question 38

True/False

When a corporation acts in excess of or beyond the scope of its powers, the corporation's act is described as "ultra vires."

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Definitions:

Monthly Billing

A payment structure where charges for services or utilities are invoiced to customers every month.

Processing and Mailing

The series of operations involved in preparing and sending documents or packages through postal or courier services.

Aging Dates

The process of tracking the length of time that items, such as invoices or receivables, have been outstanding.

Patient Statement

A document provided to a patient that details the services received, the amount covered by insurance, and the balance the patient owes to the healthcare provider.