Officers Flashcards
1
Q
Officers are
A
Individual Corporate Agents
2
Q
As individual agents the officers may
A
bind the corporation into contacts
3
Q
Authority of Officers
A
Actual Authority (Oral/Written)
Apparent Authority (Title) (CEO/CFO/COO)
4
Q
Officers Duty
A
Fiduciary duty to the company
5
Q
Officers are allowed
A
to serve on the board of directors
Not required to be shareholders
