Question

question 35 (2.5 points)
corporate actions that are not within the express or implied powers of the
corporation are called

a) illegal powers.

b) ultra vires powers.

c) s corp powers.

d) venture capital powers.
question 36 (2.5 points)
money given by investors to start-up businesses and high-risk enterprises in order to
get their businesses off the ground is called

a) commingling capital.

b) b corporations.

c) alter-ego theory.

Explanation:

Question 35

To solve this, we analyze each option:

• Option a: "illegal powers" is incorrect as the term for corporate actions beyond express/implied powers is not "illegal powers" in this context.
• Option b: "ultra vires" means "beyond the powers" in Latin. Corporate actions not within express or implied powers are called ultra vires powers. This matches the definition.
• Option c: "S corp powers" relate to S - corporation tax and operational aspects, not this concept.
• Option d: "venture capital powers" are related to venture capital operations, not corporate power limits.

Let's analyze each option:

• Option a: "commingling capital" is about mixing funds, not investment for start - ups.
• Option b: "B corporations" are a type of corporation focused on social and environmental goals, not investment for start - ups.
• Option c: "alter - ego theory" is a legal theory related to corporate veil piercing, not investment for start - ups. (Note: There seems to be a missing option here as the correct term for money given to start - up and high - risk enterprises is "venture capital", which is not listed in the provided options. But based on the given options, we assume there might be a typo or error. However, if we have to choose from the given, none of the options are correct. But if we consider the intended question, the correct term should be venture capital, but since it's not here, we can only analyze the given ones.)

Answer:

b) ultra vires powers.

Question 36