Which of the Following Is True Regarding the Legal Capacity

question 24

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) Authorized officers of the Corporation can sign most contracts.
• C) The corporation can show it is ultra vires to have contracts enforceable.
• D) All contracts need to be placed under the corporate seal.
• E) Neither statute nor incorporating documents can limit the capacity.

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Definitions:

Unique Merchandise

Products that are distinctive in design, function, or appeal, setting them apart from common or standard items.

Loyal Customer Base

A group of repeat customers who consistently prefer a particular brand or product over competitors.

Locations

Refers to the geographical places where businesses are situated or where activities take place, influencing accessibility, visibility, and operation efficiency.

Craft Store

is a retail outlet specializing in selling materials and supplies for arts and crafts projects.