Examlex
Which of the following statements is true regarding business necessity?
Non-Contractual Relationships
Interactions between parties that are not governed by a formal written or spoken contract, but still may involve legal obligations.
Duty of Obedience
is the responsibility of the directors and officers of a corporation to act in accordance with the corporation's charter, bylaws, and the law in decision-making processes.
Lawful Instruction
Refers to directives or orders given that are within the bounds of the law and ought to be followed by the recipients.
Apparent Authority
A situation in which a reasonable third party would understand that an agent had authority to act, even if the agent did not have actual authority.
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