Which of the Following If True Regarding Powers State Incorporation

question 4

Multiple Choice

Which of the following if true regarding powers state incorporation statutes typically grant to corporations?

• A) State incorporation statutes give corporations the power to make charitable contributions.
• B) State incorporation statutes prohibit corporations from loaning money because that is within the realm of state banks recognized by the state banking regulatory authority.
• C) State incorporation statutes give corporations existence for up to 100 years.
• D) State incorporation statutes expressly state the powers granted to corporations thereby negating the existence of implied powers.
• E) State incorporation statutes generally expressly give corporations only the broad authority to operate within the law to the benefit of stockholders resulting in most actions of corporations arising from implied powers.

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Definitions:

Cochlea

A spiral-shaped, fluid-filled inner ear structure that is essential for hearing as it transforms sound waves into nerve impulses.

Hallucination

A perception in the absence of an external stimulus that has qualities of real perception, often seen in psychiatric conditions like schizophrenia.

Delusion

A false belief held with strong conviction, despite superior evidence to the contrary, often occurring as a symptom of a psychiatric disorder.

Cinderella

A classic fairy tale character who overcomes adversity and mistreatment to achieve her dreams, often used metaphorically to describe a rags-to-riches story.