Multiple Choice
A corporation is liable to a third person for the act of its agent: ______.
A) to the same extent as a natural person would be liable.
B) only if the agent was expressly authorized to perform the act.
C) only if the agent's act was a crime.
D) only if the agent's act was based on an intent to benefit the corporation.
Correct Answer:

Verified
Correct Answer:
Verified
Q7: The business judgment rule is a defense
Q8: Which of the following is an incorrect
Q9: Extraordinary matters requiring shareholder votes include all
Q10: The sale of corporate assets outside the
Q11: If an officer diverts a corporate opportunity,
Q13: A director is disqualified from taking part
Q14: A stockholder-approved amendment to the certificate of
Q15: A shareholder vote has legal effect as
Q16: The RMBCA provides that, absent a conflicting
Q17: Officers have a fiduciary obligation not to