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    Business and Company Law
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    Exam 8: PART A: Directors and Officers Duties
  5. Question
    In Order to Ascertain Whether a Company Is Insolvent for the Purposes
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In Order to Ascertain Whether a Company Is Insolvent for the Purposes

Question 8

Question 8

True/False

In order to ascertain whether a company is insolvent for the purposes of section 588G(1), the test is whether the company's liabilities exceed its assets.

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