Examlex
Which of the following is a fixed cost for an automobile manufacturing plant?
Incorporated
The process of legally declaring a corporate entity as separate from its owners, providing legal protections and allowing for the raising of capital.
De Facto Corporation
A corporation that operates in all respects as a corporation despite not having completed the formalities required for legal recognition.
Ultra Vires
Actions or activities conducted by a corporation or its officers that lie beyond the powers granted by its charter or the laws.
Ultra Vires Contract
A contract that exceeds the powers granted to a corporation by its charter or bylaws.
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