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3) Does the president of a corporation that produces movies have the authority to enter into a contract on behalf of the corporation with a
3) Does the president of a corporation that produces movies have the authority to enter into a contract on behalf of the corporation with a famous actress to star in a movie for the payment of 3 million dollars plus 2 percent of the net profit from the movie? Base your answer on the general rule assuming that the president has not been given the express authority to enter into the contract. Explain
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