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If a Company Director Allows a Company to Trade While

Question 11

Multiple Choice

If a company director allows a company to trade while insolvent,the director will:


A) become personally liable for the company's debts incurred before the company became insolvent.
B) not be personally liable for any of the company's debts.
C) become personally liable for the company's debts incurred after the point of insolvency is reached.
D) normally be paid a bonus after the end of the financial year.

Correct Answer:

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