Question
Which of the following is correct in relation to potential legal liability for a company a. It is possible for a company to be exposed
Which of the following is correct in relation to potential legal liability for a company
a. It is possible for a company to be exposed to legal consequences based on: contractual liability; tortious liability; statutory liability; and criminal liability. However it is not possible for a company to be vicariously liable because of the statutory assumptions in s 129 of the Corporations Act.
b. It is possible for a company to be exposed to legal consequences based on: contractual liability; vicarious liability; statutory liability; and criminal liability. However it is not possible for a company to liable under tort (eg negligence) unless members authorised the tortious act.
c. It is possible for a company to be exposed to legal consequences based on: contractual liability; tortious liability; statutory liability; criminal liability and vicarious liability.
d. It is possible for a company to be exposed to legal consequences based on: contractual liability; tortious liability; statutory liability; and vicarious liability. However it is not possible for a company to be criminally liable because a company is not a natural person and therefore cannot be sent to jail.
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