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Personal liability for a corporate board member means that a. directors have a legal obligation to pay all debts of the corporation if the
Personal liability for a corporate board member means that a. directors have a legal obligation to pay all debts of the corporation if the company cannot. Ob. directors have a legal obligation to pay all debts of the corporation. Oc. directors have a personal responsibility to the shareholders. Od. directors may be sued for breach of fiduciary duty.
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ANSWER D Direction may be sued for breach of fiduciary duty However if such an act is spearheaded by ...
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
