Asked by Blair Leclair on Jun 26, 2024
Verified
Corporations have implied powers.
Implied Powers
Powers not explicitly stated but are considered necessary for fulfilling the expressly granted powers of an authority or government body.
- Understand the basic legal nature and powers of corporations, including implied powers.
Verified Answer
RS
Rohit SaxenaJun 28, 2024
Final Answer :
True
Explanation :
Corporations have implied powers, which are powers not explicitly stated in their charters or articles of incorporation but are necessary for the corporation to carry out its express powers and purposes.
Learning Objectives
- Understand the basic legal nature and powers of corporations, including implied powers.