The President of a Business Corporation Does Not Have Implied

question 37

True/False

The president of a business corporation does not have implied authority to execute commercial paper in the name of the corporation.

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Definitions:

Synonyms

Words that have different spellings and pronunciations but share similar or identical meanings.

Encoding Meaning

Involves translating information into a form that can be stored in memory, often impacting recall and understanding.

Recall

The cognitive process of retrieving information or memories from one's past experiences.

Momentary Sensory Memory

A type of memory that holds information from the sensory system for a very brief period, often only fractions of a second.