When an officer or director of a corporation exceeds his powers,he may be liable to the corporation if it is damaged by the act exceeding that person's authority.
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Q15: Directors and officers are liable to the corporation
Q16: Officers of a corporation are also agents
Q17: Directors must be shareholders of the corporation
Q18: Unless the articles of incorporation provide otherwise,directors cannot
Q19: The traditional view was that a corporation
Q21: _ voting may permit minority shareholders to
Q22: The _ requires periodic shareholder approval of
Q23: The most perplexing issue with regard to
Q24: The person who is designated to vote
Q25: Under the Model Business Corporation Act (MBCA),ultra
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