What type of powers are inferred from the express powers of a corporation?

Study for the Revised Corporation Code test. Prepare with comprehensive multiple-choice questions and detailed explanations. Boost your knowledge and confidence for your exam day!

The correct answer is implied powers. This refers to the powers that are not explicitly stated in the corporate charter or articles of incorporation but are necessary for the corporation to carry out its express powers effectively. Implied powers allow a corporation to perform acts that enable it to achieve its objectives and fulfill its business purpose, even if those specific acts aren't detailed in the governing documents.

For instance, if a corporation is given the express power to engage in manufacturing, it may have implied powers to purchase equipment, hire employees, and enter into contracts necessary to facilitate that manufacturing process. These implied powers are critical because they enable flexibility and functionality, allowing the corporation to operate efficiently in its business environment.

The other choices do represent different kinds of powers, but they don't accurately define the powers inferred from express powers. Explicit powers denote clearly stated, well-defined powers, while inherited powers and delegated powers refer to concepts related to authority and transfer of power that don't capture the inferred nature of implied powers in the context of a corporation.

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