A corporate resolution is required in a real property transaction when a. All of the answers are correct. b. the real estate loan transaction involves a corporate borrower. c. the seller is a corporation. d. the purchaser is a corporation.

Question

Kareem Browning

Business

13 June, 09:49

A corporate resolution is required in a real property transaction when a. All of the answers are correct. b. the real estate loan transaction involves a corporate borrower. c. the seller is a corporation. d. the purchaser is a corporation.

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Answers (1)

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Justine Gill · Answer 1

(a) All of the answers are correct

Explanation:

A Corporate Resolution is the record of any major decision made by shareholders or a board of directors during a meeting. In this case it will refer to a record of decisions made in real estate property transaction. A resolution is a document stands as a record if compliance comes in to question. A resolution can be made by a corporation's board of directors, shareholders on behalf of a corporation, a non-profit board of directors, or a government entity.