An officer of a corporation may be held liable for his corporation's violation of laws or regulations, regardless of the fact that he or she had no knowledge about it.

Question

Quizplus · Accepted Answer

An officer of a corporation may be held liable for the corporation's violations, even if he or she had no knowledge or involvement in the wrongdoing, under the principle of "strict liability." This is because officers have a duty to oversee and ensure compliance with laws and regulations within their company.

An Officer of a Corporation May Be Held Liable for His