Question
Question 7: JV Mine is in some financial difficulty as a result of the problems at its coppermine. Nevertheless the two shareholders, GML and QMNE
Question 7:
JV Mine is in some financial difficulty as a result of the problems at its coppermine. Nevertheless the two shareholders, GML and QMNE are hoping to receivea dividend. Although JV Mine did not make a profit in the financial year, itsdirectorsdecide to payadividendof$0.04per share.
Is this allowed? If the payment of the dividend causes JV Mine to becomeinsolvent,whataretheconsequencesfor thedirectors ofJV Mine?
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Dynamic Business Law The Essentials
Authors: Nancy Kubasek, Neil Browne, Daniel Herron
4th edition
1260110699, 9781260110692, 9781259723582, 1259723585, 978-1259917103
