Corporate Officers Are Not Liable for Acts Delegated to Subordinates

question 99

True/False

Corporate officers are not liable for acts delegated to subordinates.

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Definitions:

Competition Act

Laws designed to avoid monopolistic behaviors in the market to guarantee fair play among competitors.

Offence

An offence is a violation of law or rule, constituting an act that is forbidden by statute or is considered morally wrong or objectionable.

Restrictive Trade Practices

Business activities that limit or control competition in the market, often scrutinized under anti-trust laws.

Competition Act

Legislation aimed at preventing anti-competitive practices in the marketplace, ensuring fair competition among businesses.