The Board of Directors of a Corporation

Multiple Choice

The board of directors of a corporation:

A) Do not have the power to bind the corporation to contracts, due to lack of mutual agency.
B) Are elected by the corporate registrar.
C) Are responsible for and have final authority for managing corporate activities.
D) Are responsible for day-to-day operations of the business.
E) May not also be executive officers of the corporation, due to the separate entity principle.