Giganto Granite Co. entered into a contract with Lundy Landholdings Corp. for the sale of...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Giganto Granite Co entered into a contract with Lundy Landholdings Corp. for the sale of its mineral holdings. The transaction is beyond Giganto's powers. Which of the following parties, for the reason stated, may properly assert the lack of powers in order to challenge and try to stop or undo the sale?
Lundy Landholdings Corp.
Giganto Granite Co but only to change the terms of the contract not stop or undo the sale
Lundy Landholdings Corp., but only to change the terms of the contract not stop or undo the sale
A shareholder of Giganto Granite Co
Giganto Granite Co
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
