Question
In Peoples Department Stores Inc. et al. v. Wise et al ., the Supreme Court of Canada had to clarify to whom a director owes
InPeoples Department Stores Inc. et al. v. Wise et al., the Supreme Court of Canada had to clarify to whom a director owes its duties. What did the Court hold?
a.A fiduciary duty is owed only to the corporation, while a duty of care can also be owed to 3other stakeholders.
b.A duty of care is owed only to the company, while a fiduciary duty can also be owed to other stakeholders.
c.A fiduciary duty is owed to the company and to other stakeholders.
d.A duty of care is owed only to creditors, while a fiduciary duty can also be owed to other stakeholders.
e.A fiduciary duty is owed only to creditors, while a duty of care can also be owed to other stakeholders.
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