Which of the Following Is a Defence for a Breach

question 4

Multiple Choice

Which of the following is a defence for a breach of trading while insolvent?
I the director had reasonable grounds to expect,and did expect that the company was solvent;
II the director took all reasonable steps to prevent the debt from being incurred;
III the director relied on a subordinate who they believed was competent and reliable and who was responsible for the information;
IV illness prevented the director from taking part in management.

• A)I and IV;
• B)I,II and III;
• C)II,III and IV;
• D)I,II,III and IV.

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Definitions:

Rules Of Exponents

Guidelines that describe how to handle powers when multiplying, dividing, or raising them to other powers.

X

Typically used to represent an unknown variable in mathematics.

Masses

A term referring to the quantity of matter in a body, relevant in physics for calculating gravitational forces and inertia.

Mercury

The smallest and innermost planet in the Solar System, known for its swift orbit around the sun.