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The principle that a person dealing with a corporation is entitled to assume that its internal procedural rules have been followed unless it is apparent that such is not the case is known as the indoor management rule.
Q5: The first security interest perfected by a
Q12: Section 402.1 and 402.2 of the Criminal
Q23: Explain the common law concept of severance.
Q25: Which of the following can create an
Q30: Jim incorporated his small business so that
Q37: A enters into a lease with B
Q37: A contractual joint venture differs from a
Q40: If a corporation is profitable,directors must declare
Q41: To escape personal liability,when a party enters
Q52: Which of the following statements is TRUE