Author Question: Generally, a President of a corporation does not have the authority to do any of the following ... (Read 194 times)

neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
Generally, a President of a corporation does not have the authority to do any of the following except:
 A) make a long-term employment contract.
 B) mortgage corporate property.
 C) call a special meeting.
 D) execute commercial paper in the name of the corporation.

Question 2

Which of the following is an incorrect statement about officers?
 A) Their duties are generally set forth in the corporation's bylaws.
 B) They have a fiduciary obligation to the corporation.
 C) They are agents of the corporation.
 D) Their authority as agents is increased if they are shareholders.



fraziera112

  • Sr. Member
  • ****
  • Posts: 356
Answer to Question 1

D

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

For a complete list of videos, visit our video library