Directors Have a Personal Liability for All of the Following

question 42

Multiple Choice

Directors have a personal liability for all of the following except

• A)losses from a corporate ultra vires act.
• B)failure to make filings under corporate legislation.
• C)employee wages outstanding on bankruptcy.
• D)dividends that impair the corporate capital.
• E)None of the responses are correct.

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Definitions:

Transmission

The act of conveying or spreading something from one place, person, or thing to another.

Infectious Chancre

A painless ulcer, typically acquired through sexual contact, that is a primary symptom of syphilis.

Syphilis

A sexually transmitted bacterial infection caused by Treponema pallidum, which can present in various stages and cause long-term complications if not treated.

Chlamydia

A common sexually transmitted infection (STI) caused by the bacterium Chlamydia trachomatis, often asymptomatic.