A State Constitution May Restrict a Corporation's Implied Powers

question 43

True/False

A state constitution may restrict a corporation's implied powers.

---

Definitions:

Specific Performance

An equitable remedy requiring the breaching party to perform as promised under the contract; usually granted only when money damages would be an inadequate remedy and the subject matter of the contract is unique (for example, real property).

Zoning Laws

Rules and regulations that collectively manage the development and use of land.

Local

Refers to something situated in, or pertaining to, a particular area, city, or town.

Refurbish

Describes the process of cleaning, decorating, and re-equipping something to improve its appearance or functionality.