1 points Save Answer Orton Corp is incorporated under the Alberta Business Corporations Act. It carries on a business running tour boats on the Bow River in Calgary The articles of the corporation provide that Orton Corp may not enter into a lease unless the board of directors approves it. Joe, the president of the corporation, goes to West End Real Estate Inc, tolls West End that he has authority to enter into a lease on behalf of the corporation, and signs a lease for some office space for the business. The board of directors never approves the lease. Which of the following is TRUE? a The lease is not enforceable because the president did not have authority to enter into a lease on behalf of the corporation The lease is enforceable against Orton Corp because leasen of offices are transactions within the unual authority of the president of a corporation, and even though the articles provided Ob that the president does not in fact have authority to enter into a lase, the president would have that usual and apparent authority The lease is not enforceable because tes of offices are not transactions within the sun authority of the president of a corporation Od The loose is not enforceable because West End should have obtained proof that the president had sufficient authority to enter the lease on behalf of the corporation The lease is enforceable because all businesses must le premises from time to time. Ot. The Indoor Management Rulo would be applicable in this situation, making the lease enforceable against Orton Corp Both B&F above