An executive corporate officer can normally conduct ordinary business transactions without first obtaining the corporation's written authority.

Question

Hennesis Valdez · Accepted Answer

Final Answer : True, Explanation :  An executive corporate officer, such as a CEO or President, typically has the implied authority to conduct ordinary business transactions on behalf of the corporation without needing specific written authority for each action, as these activities fall within the scope of their normal duties.

An executive corporate officer can normally conduct ordinary business transactions without first obtaining the corporation's written authority.

Definitions

Learning Objectives

Learning Objectives

Related questions