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1. Explain how corporations get the power to act on behalf of the shareholders? 2. What are Ultra Vires Acts? 3. How did Ultra Vires

1. Explain how corporations get the power to act on behalf of the shareholders? 

2. What are Ultra Vires Acts? 

3. How did Ultra Vires Acts affect the Buffalo Sabres Ownership in the Early 2000's? Write at least a paragraph detailing the characters involved and their Ultra Vires acts. 

4. What is "piercing the corporate veil" and give an example of when a Court would do so?. 

5. What is the difference between S-Corporations and Close Corporations?

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1A corporation is an artificial being and thus posses some powers itselfit is allowed to conduct certain activities and has been granted certain rights A corporation generally has 3 parties sharing po... blur-text-image

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