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Author Question: Generally, a President of a corporation does not have the authority to do any of the following ... (Read 190 times)

neverstopbelieb

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on: Jun 24, 2018
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

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

D


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