The President of a Corporation Does Not Have Implied Authority

question 22

True/False

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

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Definitions:

Conditioned Stimulus

A formerly neutral signal that, once linked with an unconditioned stimulus, triggers a conditioned response.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of time without exposure to the conditioned stimulus.

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, encouraging the subject to associate certain behaviors with certain outcomes.

Responses

Reactions or answers provided following specific stimuli or situations.