A Corporation Is Liable for an Unauthorized Act of a Corporate

question 51

Multiple Choice

A corporation is liable for an unauthorized act of a corporate officer

• A) provided everything appears to be regular on its face.
• B) especially where he acts outside his normal and usual authority.
• C) provided it is not expressly prohibited in the charter.
• D) especially when a contracting third party has read or knows of the restriction.
• E) even if the third party notes suspicious circumstances.

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Definitions:

Gratified

Having given pleasure or satisfaction; in psychological terms, it often relates to the fulfillment of a desire or need.

Hereditary Component

The portion of an individual's traits or characteristics attributed to genetic inheritance from their biological parents.

Physiological Needs

Fundamental human requirements for sustaining life, including air, water, food, shelter, and sleep, critical for survival.

Safety Needs

As identified by Maslow, these are the second level of human needs in his hierarchy, including personal and financial security, health, and well-being, and protection against accidents or harm.