This controversy was eventually settled by the Supreme Court of the United States in " McCulloch v . Maryland ", which in essence adopted Hamilton's view, granting the federal government broad freedom to select the best means to execute its constitutionally enumerated powers, specifically the doctrine of implied powers.
32.
See 2 W . Fletcher, Cyclopedia of Law of Private Corporations s466, p . 505 ( rev . ed . 1990 ) ( " ( A ) corporation is bound by contracts entered into by its officers and agents acting on behalf of the corporation and for its benefit, provided they act within the scope of their express or implied powers " ).
