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.

---

Definitions:

Position

A specific role within an organization, characterized by a set of responsibilities and tasks.

Reviewed Periodically

The process of examining or evaluating something at regularly scheduled intervals to ensure ongoing effectiveness or compliance.

Accuracy And Completeness

The degree to which information is correct, without errors, and fully comprehensive without missing details.

High School Education

The primary and secondary schooling that comes after elementary school and concludes with graduation, typically encompassing grades 9 through 12.