36 USC 120110 – Liability for acts of officers and agents
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The corporation is liable for any act of any officer or agent of the corporation acting within the scope of the authority of the corporation.
Terms Used In 36 USC 120110
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- officer: includes any person authorized by law to perform the duties of the office. See 1 USC 1