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) Authorized officers of the Corporation can sign most contracts.
C) The corporation can show it is ultra vires to have contracts enforceable.
D) All contracts need to be placed under the corporate seal.
E) Neither statute nor incorporating documents can limit the capacity.

Question

Quizplus · Accepted Answer

Authorized officers of the corporation have the legal capacity to sign most contracts on behalf of the corporation. However, there may be limitations set by statute or the corporation's incorporating documents.

Which of the Following Is True Regarding the Legal Capacity