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Question
Employees who deal with third parties are agents of their employers.Answer
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A borrower has a right to rescind a mortgage within three business days.
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A board of directors can delegate some functions to corporate officers.
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A director usually serves on a corporation's board for a life term.
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An individual director does not act as an agent to bind the corporation.
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"Forward-looking" financial forecasts are prohibited under SEC Rule 10b-5.
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