Which of the Following Is Not an Express Power of a Corporation

question 60

Multiple Choice

Which of the following is not an express power of a corporation?

• A)Power to be free from double taxation.
• B)Power to sue and be sued in the corporations' name.
• C)Power to have perpetual existence.
• D)Power to acquire property,make contracts and borrow money.
• E)Power to lend money.

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Definitions:

Application System

A system designed to perform a group of coordinated functions, tasks, or activities for the benefit of the user, typically involving complex programming and software.

Word Processor

A software application used for the creation, editing, formatting, and printing of text documents.

System Program

Software designed to provide a platform for other software. Examples include operating systems, device drivers, and utility programs.

Assembly Language

A low-level programming language that translates human-readable code into machine code understood by a computer's CPU.