Examlex
Why would a movie theater with some seats still available not sell tickets at a reduced price to movie goers that show up at the last minute?
Shareholders
Individuals or entities that own shares in a corporation, giving them certain rights and interests in the company.
Ultra Vires Act
Actions conducted by a corporation's management or board that are beyond the scope of its powers as defined by its charter or the law.
Express and Implied Powers
Authorities of a governmental or organizational body that are explicitly stated (express) or inferred through conduct (implied).
Ultra Vires
Acts or decisions made by an entity that are beyond the scope of powers granted by its constitution or laws.
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