Which of the Following Statements Is True About the Ultra

question 49

Multiple Choice

Which of the following statements is true about the ultra vires doctrine?

• A) It is the only stringent limitation on the enforceability of contracts entered into by corporations.
• B) It permits corporate directors to freely prevent enforcement of unattractive contracts.
• C) It permits the state attorney general to prevent enforcement of corporate contracts that extend beyond the corporation's authorized powers.
• D) It does not permit the corporation to bring a suit for damages to the corporation against the officers of the corporation who have entered into an ultra vires contract.

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