A(n) ________ Is a Clause That Can Be Included in the Articles

question 95

Multiple Choice

A(n) ________ is a clause that can be included in the articles of incorporation that permits the corporation to engage in any activity permitted by law.

• A) general purpose clause
• B) limited purpose clause
• C) dissolution clause
• D) ultra vires clause

---

Definitions:

Gross Returns

The total amount of financial return on an investment before any deductions, such as expenses or taxes.

Rebuttable Presumption

A legal principle assuming certain facts are true until proven otherwise.

Partnership Funds

Resources or capital pooled together by partners in a partnership for the purpose of carrying out the partnership's business activities.

Faithful Service

The loyalty and diligence an employee is expected to show towards their employer or organization.