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    Business and Company Law
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    Exam 9: PART B: Directors and Officers Duties
  5. Question
    If a Company Is Insolvent or Nearing Insolvency, an Obligation
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If a Company Is Insolvent or Nearing Insolvency, an Obligation

Question 1

Question 1

True/False

If a company is insolvent or nearing insolvency, an obligation arises for the directors to act in the interests of the creditors of the company.

Correct Answer:

verifed

Verified

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