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Section 588G of the Corporations Act - a. involves liability for insolvent trading by directors of companies b. states that a proprietary company is liable
Section 588G of the Corporations Act -
a. involves liability for insolvent trading by directors of companies
b. states that a proprietary company is liable for its debts
c. determines which transactions are voidable when a company becomes insolvent
d. outlines a liquidator's power
The Business Judgment Rule applies to:
a. The duty to avoid conflicts of interest
b. The duty to act for a proper purpose and bona fide for the benefit of the company as a
whole
c. The duty to act with care and diligence
d. All of the above duties.
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