Stock Options Are a Form of Compensation That Requires a Substantial

question 31

True/False

Stock options are a form of compensation that requires a substantial cash outlay by the corporate employer.

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Definitions:

Actual Authority

Authority given to an agent expressly or by implication.

Estoppel

An equitable remedy that stops a party from trying to establish a position or deny something that, if allowed, would create an injustice.

Ratification

The action of officially approving or confirming an agreement or act, making it valid.

Apparent Authority

Authority as suggested to a third party by the conduct of a principal; may exist even when there is no actual authority.