Asked by Kevin Starrett on Jun 04, 2024
Verified
The Model Business Corporation Act states that a corporation has the power to do anything:
A) that an individual may do.
B) that is within its bylaws.
C) permitted under state statute.
D) that is objectively reasonable and customary in the trade.
Model Business Corporation Act
A standardized set of laws that serve as a blueprint for state legislatures to regulate the formation, operation, and dissolution of corporations.
Corporation Power
The legal and operational capabilities granted to a corporation by law, allowing it to conduct business, enter contracts, and own assets.
- Learn about the powers of corporations as outlined by the Model Business Corporation Act.
Verified Answer
ZK
Zybrea KnightJun 04, 2024
Final Answer :
A
Explanation :
The Model Business Corporation Act (MBCA)states that a corporation has the power to do anything that an individual may do.
Learning Objectives
- Learn about the powers of corporations as outlined by the Model Business Corporation Act.
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