Differs from an express power in that the implied power

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Reference no: EM132063616

1. Stuart wanted to set up a small steel manufacturing plant. In order to raise funds, he approached his affluent uncle, Tom. Tom agreed to finance the plant with his own money in exchange for an ownership with interest. It can be said that Tom is a(n) _____.

venture capitalist

angel investor

bondholder

equity shareholder

stockholder

2. An implied power differs from an express power in that the implied power:

is a power with limitations.

is a power that relates to the external environment of a corporation.

is granted to a corporation through statute and its articles of incorporation.

is beyond a corporate power that is explicitly established.

is a power that relates to the internal environment of a corporation

Reference no: EM132063616

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