All Corporate Actions Can Be Taken Only Through Board Initiative

question 35

True/False

All corporate actions can be taken only through board initiative.

---

Definitions:

Transferability Of Ownership

The ability to legally transfer the title or ownership of assets or property from one entity to another.

Principal-Agent Problem

A challenge in situations where one party (the agent) is supposed to act in the best interest of another party (the principal) but may have self-interests that conflict.

Corporate Form

A legal entity structure for a business, recognized by the law as separate from its owners, and offering limited liability.

Legal Forms

Document templates that are required or recommended in legal transactions, used to ensure compliance with the law.