ABC company is insolvent. It has two employees to which it owes $7,000 in wages for the last month, owes Canada Revenue Agency $15,000 and the Bank of Winnipeg $20,000. Jill is the sole director. What is her personal liability
A) $7,000
B) $15,000
C) $22,000
D) $29,000
E) $49,000
Correct Answer:
Verified
Q1: What does the business judgment rule mean?
A)
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
Q8: Directors have a personal liability for all
Q9: Those persons legally responsible for the execution
Q10: Braun was a director of Cable Shipping
Q11: The greatest control over the acts of
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