Identify a false statement.a. Appropriate amendments must be made to the articles of incorporation before a corporation can validly exercise powers outside those provided in the articles of incorporation. b. Corporate acts are valid if, on their face, the acts were within the corporation’s powers or purposes. c. Securing loans of third persons is not ultra vires. d. None of the above
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Identify a false statement.a. Appropriate amendments must be made to the articles of incorporation before a corporation can validly exercise powers outside those provided in the articles of incorporation.
b. Corporate acts are valid if, on their face, the acts were within the corporation’s powers or purposes.
c. Securing loans of third persons is not ultra vires.
d. None of the above
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