Question

We use this Latin phrase to refer to corporate acts which are outside of the boundaries...

We use this Latin phrase to refer to corporate acts which are outside of the boundaries established by the corporation's articles of incorporation and by-laws. Such action may subject it to potential legal liability, including dissolution. Place your answer in the text box provided.

Group of answer choices

ultra vires

res ipsa loquitur

voir dire

contra proferentem

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Answer #1

Ultra vires is a Latin phrase. It is defined as an act or action pursued by a corporation that are outside the scope of powers or authority granted to the corporation by the article of its incorporation and by-laws. These actions are prohibited by the article of incorporation and bylaws. these actions may lead to legal liability and may also result in the dissolution of the corporation. Therefore, the correct option is (A). All other options are incorrect.

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