An individual director does not act as an agent to bind the corporation.
Correct Answer:
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Q2: A director is a fiduciary of a
Q3: All directors must be present before a
Q6: A director usually serves on a corporation's
Q8: In most states,a director cannot be removed
Q9: Corporate officers and directors owe no duty
Q11: Officers are required to exercise a reasonable
Q13: Incorporators appoint a corporation's first board of
Q14: A board of directors cannot conduct business
Q15: Directors are rarely compensated,but when they are,they
Q23: Shareholders own a corporation.
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