Practice question
An officer signs a lawful supply contract expressly as an authorized representative of a named corporation. With no personal undertaking or other liability basis, who is the contracting principal?
- The officer’s spouse
- Every customer of the business
- Every shareholder as a separate buyer
- The corporation
- The officer’s personal bank
Legal references
- Revised Corporation Code, RA 11232, Sections 2, 10, 35, 116 and 173: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
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