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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Definitions:

Rote Repetition

The process of memorizing information through continuous repetition without understanding the underlying meaning.

Massed Practice

A learning strategy involving intense, concentrated periods of study or practice, often without breaks, used to quickly master material or skills.

Large Sessions

Events or meetings that involve a significant number of participants, often used in the context of conferences, workshops, or seminars.

Quiet Place

A location with minimal noise that facilitates focus, relaxation, or meditation.