Question: Statement 1. Express Powers are powers expressly granted to a corporation by its charter. Statement 2. Implied Powers are powers which are necessary to exercise

Statement 1. Express Powers are powers expressly granted to a corporation by its charter. Statement 2. Implied Powers are powers which are necessary to exercise the express powers and to accomplish or carry out the purpose for which the corporation was formed. Select one: a. Statement 1 is true: Statement 2 is false b. Statement 1 is false: Statement 2 is true c. Statement 1 is true: Statement 2 is true d. Statement 1 is false: Statement 2 is false

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