Isabella and Emily Both Attended a Recent Seminar for Directors

question 51

Multiple Choice

Isabella and Emily both attended a recent seminar for directors regarding corporate governance.The seminar focused on the recent departure of certain courts from the traditional shielding of directors from personal liability where their actions were taken in furtherance of their duties to the company and their conduct was justifiable.What type of liability are Emily and Isabella concerned with?

• A) liability in tort
• B) liability in contract
• C) statutory offence liability
• D) criminal offence liability

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Definitions:

Social Ethics

A branch of philosophy that deals with the moral principles governing social behavior and societal systems.

Level I

The initial or basic stage of a process, classification, or hierarchy.

Stage 2

A phase in a process or project that typically involves the development and implementation of plans following initial preparation or groundwork.

Individual Needs

The specific requirements or desires unique to each person, essential for their well-being and satisfaction.