Question
27. Buddy Holly is the president of WeSupportVeterans, Inc., a not for profit charitable corporation. The mission of this corporation, as stated in the corporations
27. Buddy Holly is the president of WeSupportVeterans, Inc., a not for profit charitable corporation. The mission of this corporation, as stated in the corporations articles of incorporation, is to provide vocational training to wounded veterans who have received honorable discharges from military service. Holly, a strong environmentalist, signs a contract on behalf of WeSupportVeterans, Inc. with the Sierra Club to assist the Sierra Club in hiring a lobbyist to advocate for various environmental issues. The directors of WeSupportVeterans, Inc. filed suit to rescind the contract. What would the Boards best argument be in court?
Group of answer choices
The contract violates the ultra vires rule
The contract violates the vicarious liability rule
The contract violates the vicarious liability rule
The contract violates the business judgment rule
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar, Madhav T. Rajan, Chris M. Ittner
13th Edition
0131355589, 978-0131355583
