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Tip of the Day Play the IRA Game Smart

Play the IRA Game Smart - When planning for your retirement it is always wise to do it in the right order so that you have the plan with the...

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Ultra Vires Activities

Ultra Vires Activities - Ultra vires activities refers to a, any or all types of related and relevant business activity, decisions, or actions that a business undertakes, NOT in their mandate, NOT legal and allowed, NOT in their operating charter, scope. It could lead to legal repercussions and actions, suits by shareholders and/or consumers, third parties or industry, even competitors. Businesses not doing what they are registered to do or produce by law. Articles and founding documents state and define clearly what these are and should be, will be limited to. Why and what business they do have to be adhered to. Among the most common reasons for shareholder lawsuits, seen as a threat to initial and on-going investment, deemed harmful to the company longer term  to stop it effectively in its tracks.  If any process, activity or product, direction, is deemed outside of scope of the business’ charter, d interfering or undermining other markets/businesses, investors, third parties might also jump on the band wagon. Any inappropriateness in this arena, as defined by ultra vires activities could lead to legal threat, suits and potential actions.

 

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Definition of the Day Moving Average

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