Question 4 of 15 Score: 1 (of possible1 The XYZ Corporation is preparing to purchase an office building, and the company's chief financial officer will sign the purchase agreement. Which of the following statements is true? point) A.She must have a resolution of XYZ's board of directors allowing her to act on its behalfB.She may not sign; only corporate directors may sign on a corporation's behalfC.She must be a licensed real estate brokerD.She may sign since corporate officers are automatically entitled to sign on the company's behalfAnswer Key: AFeedbackExplanation: A corporate officer must provide documentation proving that she has been given theauthority to sign by the corporation's board of directors. Question 5 of 15 Score: 1 (of possible1 The parties must separately initial the appropriate paragraph if they agree to which form of dispute resolution? point)
Question 6 of 15 Score: 1 (of possible1 Which of the following would notbe a reason why a buyer might be unable to obtain homeowner's insurance? point)
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- Fall '17
- Janet Truscott