A director of a corporation knowingly releases a dangerous drug with the knowledge that 10 percent of those who take the drug will die.He illegally falsifies testing data to get the drug approved.Which of the following is true of his liability?
A) He cannot be held responsible if the board of directors approved the release of the drug.
B) He can be held personally responsible for his crimes.
C) He can be held personally responsible only if the company was not a C-corporation.
D) He cannot be held responsible for his actions because the corporation released the drug.
E) He cannot be held responsible unless he was at least the executive vice president.
Correct Answer:
Verified
Q52: In a closely held corporation,a breach of
Q53: Decisions of courts in _ have a
Q54: The Securities and Exchange Commission has established
Q55: Which of the following is true of
Q56: Shares that have a fixed face value
Q58: Which of the following is true of
Q59: An individual shareholder can enter a voting
Q60: A director of a corporation knowingly releases
Q61: A director of the corporation has embezzled
Q62: When a shareholder sues,alleging that he has
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