The president of a business corporation does not have implied authority to execute commercial paper in the name of the corporation.

Name: The president of a business corporation does not have implied authority to execute commercial paper in the name of the corporation.
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Question

Quizplus · Accepted Answer

The president of a corporation typically does not have implied authority to execute commercial paper unless explicitly granted by the corporation's board or governing documents.

The President of a Business Corporation Does Not Have Implied