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Directors of corporations may be personally liable in certain situations. In which one of the following situations is a director not personally liable? Select one:
Directors of corporations may be personally liable in certain situations. In which one of the following situations is a director not personally liable? Select one: a. Six months of employee wages, if the corporation cannot pay. b. A share purchase by the corporation when the corporation is insolvent. c. Unpaid accounts owed by the corporation to its supplier. d. Liability as specified in various statutes, both federal and provincial. The following are statements about the legal relationship of partners in general partnerships. Identify the true statement. Select one: a. Partners are protected from personal laibility for the debts of the firm. b. Each partner is an agent for the other partners. c. A partnership is only formed when those wishing to form a partnership sign express agreement to share profits from an ongoing business. d. The Partnership Act defines a partnership as "two persons sharing profits
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