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:

Self-Disclosure

The process of revealing personal information about oneself to others, which can build trust and deepen relationships.

Esteem Support

Emotional support aimed at bolstering an individual's self-esteem and confidence.

Self-Disclosure

The act of sharing one's personal thoughts, feelings, or experiences with others, which can deepen relationships and foster closer bonds.

Gross Profit

The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.