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Edward is a local director of a multinational corporation. The corporation has operated in Canada for twelve years without paying federal taxes and has performed
Edward is a local director of a multinational corporation. The corporation has operated in Canada for twelve years without paying federal taxes and has performed various negligent acts. The corporation fails. What is Edward's personal liability? 0 Edward is not personally liable for any corporate obligation. 0 Edward is personally liable for the back taxes but not the corporation's negligence. Edward is personally liable for the back taxes but only up to the total benefit he had received from the corporation. 0 Edward is personally liable for the corporation's negligent acts because of the agency relationship. Edward is personally liable for the corporation's back taxes and negligent acts
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