The Nature and Extent of the Implied Authority of a Company

Multiple Choice

The nature and extent of the implied authority of a company director to act on behalf of the company:

A) Is usually expressly granted by the board of directors as a whole.
B) Is not affected by the position of the director on the board.
C) Tends to decrease with the seniority of the director's position.
D) Tends to increase with the seniority of the director's position.