Which of the following is false regarding officers of a corporation?
A) Officers are executive managers.
B) Officers run the day-to-day business of the corporation.
C) In most cases an individual may serve as both a director and an officer.
D) The rules of agency do not apply to the work of officers.
E) Qualifications required of officers are set forth in the corporate articles and bylaws.
Correct Answer:
Verified
Q16: The Revised Model Business Corporation Act forbids
Q17: Directors and officers have a fiduciary duty
Q18: A stock subscription agreement signed before incorporation
Q19: If a shareholder receives watered stock, they
Q20: Typically shareholders use a majority vote to
Q22: Who actually owns a corporation?
A) Directors and
Q23: A director may be removed for which
Q24: While ordinary decisions made by directors require
Q25: Which of the following are directors who
Q26: While a shareholder is not legally recognized
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