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:

Positive Support

Encouragement or assistance provided in a positive manner to promote the well-being and growth of others.

Self-Disclosure

The process of revealing personal, intimate information about oneself to others.

Emergency Situation

A critical or sudden event that requires immediate action to prevent possible harm.

Small Town

A community with a small population, typically offering a close-knit environment but limited amenities compared to larger urban areas.