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

Question

Quizplus · Accepted Answer

The president of a corporation has certain authorities, such as the authority to enter into contracts on behalf of the corporation, but there are certain acts that require approval from the board of directors or shareholders. These acts include making long-term employment contracts, mortgaging corporate properties, and releasing claims of the corporation. Therefore, the correct answer is D, as the president does not have the authority to perform any of these acts without proper authorization.

A President of a Corporation Does Not Have the Authority