A person may rely on the acts of the officers of a corporation without inquiry by virtue of

Name: A person may rely on the acts of the officers of a corporation without inquiry by virtue of
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The indoor management rule allows outsiders to assume that the internal requirements and procedures of a corporation have been properly followed. This means a person may rely on the acts of the officers of a corporation without needing to inquire further into the internal processes of the corporation.

A Person May Rely on the Acts of the Officers