A Person May Rely on the Acts of the Officers

question 26

Multiple Choice

A person may rely on the acts of the officers of a corporation without inquiry by virtue of

• A)the doctrine of constructive notice.
• B)the doctrine of promissory estoppel.
• C)the doctrine of ultra vires.
• D)the indoor management rule.
• E)None of these.

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Definitions:

Self-Esteem

An individual’s subjective evaluation of their own worth or value.

Peer Pressure

The influence exerted by a peer group in encouraging a person to change their attitudes, values, or behaviors in order to conform to group norms.

Early Adolescence

The period of human development occurring from around 10 to 14 years of age, characterized by rapid physical, emotional, and cognitive changes.

Parents Influence

The significant impact that parents have on their children's development, behavior, beliefs, and attitudes, through their parenting styles, communication, and role-modeling.