[单选题]
Which of the following statements about a company’s borrowing powers are correct?(1) A board resolution to borrow money is binding on the company.(2) A decision by the managing director to borrow money is binding on the company.(3) The shareholders may veto any decision to borrow money by passing an ordinaryresolution.
A .1 only
B .1 and 2 only
C .1 and 3 only
D .2 and 3 only
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