Which of the following is true of a corporate officer?

Question

Quizplus · Accepted Answer

A corporate officer typically has the express authority to bind a corporation to contracts. However, this authority may be limited by the corporation's bylaws or policies. Option A is incorrect because a corporate officer can be removed by the board of directors. Option C is incorrect because a corporate officer may be personally liable for unauthorized contracts if made outside the scope of their authority. Option D is incorrect because while a corporate officer may be involved in making policy decisions and employing major officers, this responsibility typically falls on the board of directors rather than an individual officer.

Which of the Following Is True of a Corporate Officer