Which of the following is the best definition of “ultra vires”?
A.
Beyond powers
B.
In good faith
C.
From one party
D.
Let the buyer beware
The Answer Is:
A
This question includes an explanation.
Explanation:
Ultra vires is a Latin phrase, meaning "beyond the powers." Describes actions taken by government bodies or corporations that exceed the scope of power given to them by laws or corporate charters. When referring to the acts of government bodies (e.g., legislatures), a constitution is most often the measuring stick of the proper scope of power.
[Reference: CIPS study guide page 42-43, LO 1, AC 1.2, , , ]
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