ABC Corporation's Board of Directors votes to award a corporate procurement contract to Company A. However, the CEO signs a corporate procurement contract with Company B, without corporate authority to do so. This is an example of a(n) O A ultra vires act OB. express power OC. promoter's contract OD. agency by ratification OE. Implied power Which of the following is NOT a characteristic of a corporation? O A. centralized management O B. same identity as owner(s) O C. separate legal entity O D. perpetual existence O E. free transferability of shares