Score 1 of possible 1 point the xyz corporation is

Question 4 of 15 Score: 1
(of possible
1
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
behalf
B. She may not sign; only corporate directors may sign on a corporation's behalf
C. She must be a licensed real estate broker
D. She may sign since corporate officers are automatically entitled to sign on the
company's behalf
Answer Key: A
Feedback
Explanation: A corporate officer must provide documentation proving that she has been given the
authority to sign by the corporation's board of directors.
Question 5 of 15 Score: 1
(of possible
1
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 possible
1
Which of the following would not be a reason why a buyer might be unable to obtain
homeowner's insurance?
point)