Considered corporate debt

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Reference no: EM132182845

1. Which of the following is considered corporate debt?

Bonds.

Issued stock.

Authorized stock.

Treasury stock.

2. An agent has the power to attain the principal’s desired results even if some of the agent’s actions were not expressly granted as powers within the agency relationship.

True

False

3. An agency coupled with an interest, unlike a regular agency relationship, is not terminated by the death or incapacity of the principal.

True False

4. If a corporation adopts the contracts of the promoter, and the third party is notified, the promoter is released from liability with respect to the contract by Novation

True False

2. Which of the following is not a duty of an agent towards the principal?

Duty of loyalty. Duty of obedience. Duty of performance. Duty to provide safe working conditions.

Reference no: EM132182845

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