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

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Definitions:

Health Insurance

A form of insurance coverage that pays for medical and surgical expenses incurred by the insured.

Coverage

Coverage refers to the extent of protection or benefits provided under an insurance policy, detailing what specific losses or incidents are financially protected.

Bodily Injury Liability

Insurance coverage that pays for injuries to others caused by the policyholder in an automobile accident.

Automobile Insurance

An insurance policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident.