Directors have a personal liability for all of the following except
A) losses from a corporate ultra vires act.
B) failure to make filings under corporate legislation.
C) employee wages outstanding on bankruptcy.
D) dividends that impair the corporate capital.
E) losses arising from a good faith business decision.
Correct Answer:
Verified
Q3: Ali and Tom are both shareholders in
Q4: A third-party businessperson must be most careful
Q5: Susan, Alice and Wanda are shareholders in
Q6: Under corporation law, a person elected by
Q7: Where a shareholder believes that a director
Q9: Those persons legally responsible for the execution
Q10: Braun was a director of Cable Shipping
Q11: The greatest control over the acts of
Q12: Where a director's acts are in violation
Q13: If a shareholder believes that he or
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents