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In the US a VP is a corporate officer. Third parties may rely on corporate officers having authority to contractually bind the corporation.
by howard941 8y ago
In the US a VP is a corporate officer. Third parties may rely on corporate officers having authority to contractually bind the corporation.
- icedchai 8y agoA VP may be a corporate officer, but probably isn't. You really think a bank has 1,000+ corporate officers? Even low level employees can bind a corporation is they are authorized. VP means they are a middle manager, nothing more. It also might impress clients.
- howard941 8y ago> A VP may be a corporate officer, but probably isn't. I'm going to need a cite for this, it's not the majority rule. If it's limited to banks then it's not clear why I've served numerous VPs at bank branches and it would be a cinch to knock them out under FRCP 4 if they weren't officers yet it doesn't happen.
- icedchai 8y agoFrom https://en.wikipedia.org/wiki/Vice_president https://en.wikipedia.org/wiki/Vice_president "Not all vice presidents in a company in the modern business environment are named as an official corporate officer." Unfortunately there is no citation there, either...