Which of the following does "ex officio" authority refer to?
A) Authority by virtue of one's office
B) Duty to act within one's authority
C) Conducting the affairs of the corporation with due care
D) Duty to act with loyalty and good faith
Correct Answer:
Verified
Q29: To obtain the protection of the business
Q30: The board of directors of Meckes Corporation,
Q31: A director:
A) can be removed from office
Q32: Vacancies on the board can be filled:
A)
Q33: A charter option statute authorizes a corporation
Q35: Distanet Corporation and Telenex Corporation are competitors
Q36: The _ binds the corporation on receipts,
Q37: The vice president of a corporation:
A) cannot
Q38: A _ authorizes any corporation to adopt
Q39: The _ usually keeps the minutes of
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