Asked by Laura Derhamer on May 18, 2024
Verified
Corporate officers do not act as agents of the corporation.
Corporate Officers
Individuals appointed to manage the day-to-day operations and major decisions of a corporation, such as CEOs, CFOs, and COOs.
Agents
Individuals or entities authorized to act on behalf of others in legal or business transactions, representing their interests.
- Learn about the legal and moral responsibilities of corporate directors and officers, including aspects of fiduciary duties and liability dilemmas.
Verified Answer
MH
Meagan HernandezMay 19, 2024
Final Answer :
False
Explanation :
Corporate officers act as agents of the corporation, making decisions and entering into agreements on behalf of the corporation.
Learning Objectives
- Learn about the legal and moral responsibilities of corporate directors and officers, including aspects of fiduciary duties and liability dilemmas.
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