A Person May Rely on the Acts of the Officers

question 43

Multiple Choice

A person may rely on the acts of the officers of a corporation without inquiry by virtue of

• A) the doctrine of constructive notice.
• B) the doctrine of promissory estoppel.
• C) the doctrine of ultra vires.
• D) the indoor management rule.

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Definitions:

Postpurchase Behavior

Refers to the actions and reactions of consumers after buying a product or service, including experiences of satisfaction or dissatisfaction, and the potential for repeat purchases or returns.

Customer Satisfaction

A measure of how products or services provided by a company meet or surpass customer expectations, often considered a key indicator of consumer repurchase intentions and loyalty.

Complaint Handling

The process of receiving, managing, and resolving customer complaints in a way that satisfies the complainant and maintains goodwill.

Purchase Decision

The process a buyer goes through when selecting a product or service to buy, including recognizing a need, evaluating alternatives, and making the final decision.