In order for a deed to be valid
A) the grantor must be legally competent.
B) the signature of the grantor must be witnessed.
C) the deed must be recorded.
D) the grantee must sign the deed.
Answer: A) the grantor must be legally competent.
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Golden Enterprises, Inc., entered into a contract with Hidalgo Corporation for the sale of its mineral holdings. The transaction proved to be ultra vires. Which of the following parties may properly assert the ultra vires doctrine and why?
A. Golden Enterprises to avoid performance. B. A shareholder of Golden Enterprises to enjoin the sale. C. Hidalgo Corporation to avoid performance. D. Golden Enterprises to rescind the consummated sale.
What is the role of the International Development Agency (IDA) and the International Finance Corporation (IFC) in connection with the World Bank?
What will be an ideal response?