The doctrine of ultra vires is limited to illegal acts of a corporation.

Question

Quizplus · Accepted Answer

The doctrine of ultra vires is not limited to illegal acts of a corporation. It also includes any action taken by a corporation that exceeds its legal authority, such as entering into contracts or engaging in activities outside its stated purpose or objectives. These actions may not necessarily be illegal, but they are unenforceable under the doctrine of ultra vires.

The Doctrine of Ultra Vires Is Limited to Illegal Acts