An implied power differs from an express power in that the implied power:
A) is a power with limitations.
B) is a power that relates to the external environment of a corporation.
C) is granted to a corporation through statute and its articles of incorporation.
D) is beyond a corporate power that is explicitly established.
E) is a power that relates to the internal environment of a corporation.

Question

Quizplus · Accepted Answer

An implied power is a power that is not explicitly established but is assumed to exist in order to carry out the corporation's expressly established powers. It differs from an express power, which is a power explicitly established through a corporation's articles of incorporation or bylaws. The implied power is not granted through statute or articles of incorporation, and it is not a power with limitations. It also can relate to either the internal or external environment of a corporation.

An Implied Power Differs from an Express Power in That