A president of a corporation does not have the authority to:

Question

Quizplus · Accepted Answer

As the president of a corporation, one has certain authorities and powers, but they are not unlimited. Executing commercial paper (such as checks, promissory notes, etc.) or mortgaging a property or releasing a claim of the corporation requires specific approvals and authorization, and is not within the president's sole discretion. Therefore, choice D (perform any of the above acts) is the correct answer.

A President of a Corporation Does Not Have the Authority