Which of the following is true regarding the legal capacity of the corporation?
A)Agents can negotiate but not sign contracts on behalf of the corporation.
B)All contracts need to be placed under the corporate seal.
C)The corporation can show it is ultra vires to have contracts enforceable.
D)Authorized officers of the corporation can sign most contracts.
E)Neither statute nor incorporating documents can limit the capacity.

Question

Quizplus · Accepted Answer

Authorized officers of the corporation, such as the president or secretary, typically have the legal capacity to sign contracts on behalf of the corporation.

Which of the Following Is True Regarding the Legal Capacity