Officers are not liable on an unauthorized contract regardless if the corporation ratifies it or not.
Correct Answer:
Verified
Q23: When relying on a report prepared by
Q24: The articles of incorporation,as well as the
Q25: Directors of a corporation have unlimited access
Q27: The term of a director's office expires
Q29: The election of directors of the corporation
Q30: Shareholders have absolute liability for the debts
Q31: Shareholders generally have liability for the debts
Q32: Generally,a corporate director is liable for mistakes
Q33: Shareholders never have a right to bring
Q41: On the board of directors of a
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