1) An Ultra Vires Act is an act by a corporation that is beyond its express or implied powers. If such an act is done, each of the following is a possible remedy EXCEPT:

Select one:

a.Attorney general of the incorporated state can bring an action

b.The corporation will be converted to a limited liability company

c.Shareholder can sue for an injunction

d.Corporation can sue officers who caused the act

2) Sarbanes Oxley instituted each of the following requirements except:

Select one:

a.CEO and CFOs must reimburse the company for any bonuses or incentive pay received if quarterly or annual reports must be restated

b.CEO and CFOs must notify the state corporations bureau if there will be an expected profit

c.Public companies cannot make personal loans to directors or officers

d.CEO and CFOs must quarterly and annually certify reports including that the reports have been reviewed and are true and fairly present the company