Author Question: With respect to the board of directors of a corporation, which of the following is NOT correct? A) ... (Read 119 times)

karen · **on:** Jun 24, 2018

With respect to the board of directors of a corporation, which of the following is NOT correct?
A) They manage the business and affairs of the corporation.
B) They are the shareholders' elected representatives.
C) They must always obtain shareholder approval before deciding questions of operating policy.
D) They have the authority to delegate power to officers and agents.

Question 2

A change in Sal's financial condition, making it impossible for him to fulfill a contractual obligation, would be considered objective impossibility, which would discharge his contractual duty.
Indicate whether the statement is true or false