A Director Acting Alone Does Not Generally Have Implied Authority

question 47

Multiple Choice

A director acting alone does not generally have implied authority to bind a company unless that director is:

• A)An active director.
• B)A CEO or governing director.
• C)On the board of directors.
• D)A partner in the company.

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Definitions:

Electron Density

Refers to the probability distribution of electrons in a chemical species; higher density regions indicate a greater likelihood of electron presence.

Internuclear Axis

The imaginary line that runs through the nuclei of two atoms bonded together, defining the direction of the bond.

Sigma Bond

A single covalent bond formed from the direct overlap of atomic orbitals, sharing a pair of electrons between atoms.

Atomic Orbital

A mathematical function that describes the wave-like behavior of either one electron or a pair of electrons in an atom, defining their probability distribution around a nucleus.