What commercial inconvenience involving corporations was resolved by the abolition of the doctrine of constructive notice?

Question

Quizplus · Accepted Answer

The doctrine of constructive notice stated that third parties should be aware of the limitations of the authority of corporate agents, even if they had not been specifically informed. This imposed a burden on corporations to ensure that all third parties were aware of these limitations. With the abolition of this doctrine, corporations can now rely on the apparent authority of their agents to contract without worrying about third parties being bound by these limitations.

What Commercial Inconvenience Involving Corporations Was Resolved by the Abolition