A Corporation Is ______ on a Contract Made by Its

question 9

Multiple Choice

A corporation is ______ on a contract made by its ______ for its benefit unless the corporation accepts the contract's benefits.

• A) liable, promoters
• B) not liable, promoters.
• C) not liable, CEO.
• D) ultra vires, promoters.

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Definitions:

Computer

An electronic device capable of processing and storing data, executing programs, and performing tasks based on user inputs.

Supercomputer

A specially designed computer that can perform complex calculations extremely rapidly; used in situations in which complex models requiring intensive mathematical calculations are needed (such as weather forecasting or atomic energy research).

Large

Referring to something of significant size or magnitude, often relative to other objects or measures.

Expensive

Characterized by high cost or value; often referring to goods, services, or processes requiring significant financial investment.