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For which one of the following may a director of a corporation not incur personal liability? Select one: a. If the director commits insider trading.

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For which one of the following may a director of a corporation not incur personal liability? Select one: a. If the director commits insider trading. b. If an employee of the corporation commits fraudulent misrepresentation. O c. If the director votes for a resolution which causes the corporation to violate the Alberta Business Corporations Act. O d. If the corporation is unable to pay wages owed to its employees. Which one of the following statements about partnerships is FALSE? Select one: a. Partners can limit their liability to outsiders simply by signing a partnership agreement that declares that partners are not liable for partnership debts. b. A partnership can be dissolved or ended in a variety of ways, for example the death or bankruptcy of a partner. O c. Partnerships can be created by the parties simply through their conduct. O d. If the partners do not have a partnership agreement, the provisions found in the Partnership Act will apply

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