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:

Conformity

The process of aligning one's attitudes, beliefs, and actions with the norms, regulations, or expectations of a group or society.

Top-Notch Help

High-quality assistance or support, often considered the best available.

Mixed-Sex

Pertaining to or involving individuals of both sexes in the same setting or activity.

Spring Break

A short vacation period in early spring typically observed by schools and universities in various countries.