A corporation cannot ratify an unauthorized act committed by its corporate officer.
Correct Answer:
Verified
Q70: The president of a corporation is an
Q71: The secret profits obtained by a director
Q72: Usurping a corporate opportunity is a breach
Q73: The duty of loyalty requires directors and
Q74: Jameson works for Fishy-Mart Corporation, a chain
Q76: Which of the following policies prevents a
Q77: Which of the following would be seen
Q78: A duty that directors and officers have
Q79: A director or corporate officer who does
Q80: A director or corporate officer who usurps
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents