The Nature and Extent of the Implied Authority of a Company

question 18

Multiple Choice

The nature and extent of the implied authority of a company director to act on behalf of the company:

• A)Is usually expressly granted by the board of directors as a whole.
• B)Is not affected by the position of the director on the board.
• C)Tends to decrease with the seniority of the director's position.
• D)Tends to increase with the seniority of the director's position.

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Definitions:

Retrograde Amnesia

A loss of memory access to events that occurred, or information that was learned, before an injury or the onset of a disease.

Anterograde Amnesia

A loss of the ability to create new memories after the event that caused the amnesia, leading to a partial or total inability to recall the recent past, while long-term memories from before the event remain intact.

Anterograde Amnesia

A loss of the ability to create new memories after the event that caused the amnesia, leading to a partial or complete inability to recall the recent past, while long-term memories from before the event remain intact.

Retrograde Amnesia

A loss of memory-access to events that occurred or information that was learned before an injury or the onset of a disease.