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15. In corporate law, when a corporation acts beyond the scope of its authority, it is said to: a. engage in respondeat superior. b. pierce
15. In corporate law, when a corporation acts beyond the scope of its authority, it is said to: a. engage in respondeat superior. b. pierce the corporate veil. c. hide the corporate veil. d. engage in ultra vires transactions. 16. Which of the following IS NOT a remedy for an ultra vires transaction? a. The corporation can sue the responsible corporate officers. b. The responsible officers can sue the corporation for damages. c. The shareholders can sue on behalf of the corporation. d. The state attorney general may seek an injunction against the transaction or seek a dissolution order from a court. 17. Articles of incorporation contain: a. a set of governing rules adopted by a corporation. b. resolutions of the board of directors. c. information about the corporation, including its organization and functions. d. the minutes of meetings of the board of directors. 18. The first stage in the termination of a partnership is known as: a. incorporation. b. dissolution. c. invidiation. d. a charging order. 19. Generally speaking, which of the following would NOT be included in the articles of incorporation? a. The duration of the corporation. b. The employment policy of the corporation. c. The nature and purpose of the corporation. d. The address of the corporation's registered agent
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