Which of the Following Is True Regarding the Legal Capacity

question 7

Multiple Choice

Which of the following is true regarding the legal capacity of the corporation?

• A)Agents can negotiate but not sign contracts on behalf of the corporation.
• B)All contracts need to be placed under the corporate seal.
• C)The corporation can show it is ultra vires to have contracts enforceable.
• D)Authorized officers of the corporation can sign most contracts.
• E)Neither statute nor incorporating documents can limit the capacity.

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Definitions:

Self-actualizing

The realization or fulfillment of one's talents and potentialities, especially considered as a drive or need present in everyone.

Unconditional

Not subject to any conditions, limitations, or exceptions; often used in psychological contexts to describe types of positive regard or love.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, depicting a five-tier model of human needs, from basic physiological needs to self-actualization.

Belongingness

The human emotional need to be an accepted member of a group.